SPDR ICE Preferred Securities ETF $PSK Stock Position Trimmed by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 22.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,217 shares of the company’s stock after selling 62,116 shares during the period. Truist Financial Corp owned 0.84% of SPDR ICE Preferred Securities ETF worth $6,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PSK. Kingstone Capital Partners Texas LLC bought a new stake in SPDR ICE Preferred Securities ETF during the 2nd quarter valued at $40,724,000. CNO Financial Group Inc. acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the first quarter worth $22,673,000. Royal Bank of Canada raised its holdings in shares of SPDR ICE Preferred Securities ETF by 22.8% during the first quarter. Royal Bank of Canada now owns 986,591 shares of the company’s stock valued at $31,955,000 after acquiring an additional 183,181 shares during the period. Sage Advisory Services Ltd.Co. raised its stake in SPDR ICE Preferred Securities ETF by 52.6% during the 1st quarter. Sage Advisory Services Ltd.Co. now owns 275,449 shares of the company’s stock valued at $8,922,000 after purchasing an additional 94,923 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in SPDR ICE Preferred Securities ETF by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 566,766 shares of the company’s stock valued at $18,358,000 after buying an additional 66,590 shares during the period.

SPDR ICE Preferred Securities ETF Trading Down 0.1%

Shares of PSK opened at $33.08 on Tuesday. The business’s 50-day moving average is $32.86 and its 200-day moving average is $32.15. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.85 and a fifty-two week high of $35.90.

About SPDR ICE Preferred Securities ETF

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.