McAdam LLC Has $639,000 Holdings in SPDR ICE Preferred Securities ETF $PSK

McAdam LLC lessened its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,111 shares of the company’s stock after selling 1,886 shares during the period. McAdam LLC owned about 0.08% of SPDR ICE Preferred Securities ETF worth $639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PSK. CGN Advisors LLC grew its position in SPDR ICE Preferred Securities ETF by 4.6% during the second quarter. CGN Advisors LLC now owns 22,898 shares of the company’s stock worth $727,000 after buying an additional 1,008 shares in the last quarter. Sowell Financial Services LLC grew its position in SPDR ICE Preferred Securities ETF by 4.3% during the second quarter. Sowell Financial Services LLC now owns 16,010 shares of the company’s stock worth $508,000 after buying an additional 656 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the second quarter worth approximately $40,724,000. Thurston Springer Miller Herd & Titak Inc. grew its position in SPDR ICE Preferred Securities ETF by 14.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,185 shares of the company’s stock worth $355,000 after buying an additional 1,433 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its position in SPDR ICE Preferred Securities ETF by 25.2% during the first quarter. Belpointe Asset Management LLC now owns 13,052 shares of the company’s stock worth $423,000 after buying an additional 2,625 shares in the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA:PSK opened at $33.20 on Friday. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $36.06. The business’s 50 day simple moving average is $32.69 and its 200 day simple moving average is $32.15.

SPDR ICE Preferred Securities ETF Company Profile

SPDR Wells Fargo Preferred Stock ETF (the Fund) seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock.