DAVENPORT & Co LLC Buys 1,350 Shares of SPDR ICE Preferred Securities ETF $PSK

DAVENPORT & Co LLC grew its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 19.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,171 shares of the company’s stock after buying an additional 1,350 shares during the period. DAVENPORT & Co LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new stake in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at approximately $40,724,000. CNO Financial Group Inc. bought a new position in SPDR ICE Preferred Securities ETF during the first quarter worth about $22,673,000. Royal Bank of Canada grew its holdings in shares of SPDR ICE Preferred Securities ETF by 22.8% during the 1st quarter. Royal Bank of Canada now owns 986,591 shares of the company’s stock worth $31,955,000 after purchasing an additional 183,181 shares in the last quarter. Sage Advisory Services Ltd.Co. grew its holdings in shares of 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 worth $8,922,000 after purchasing an additional 94,923 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 13.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 566,766 shares of the company’s stock worth $18,358,000 after buying an additional 66,590 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

PSK opened at $32.76 on Tuesday. SPDR ICE Preferred Securities ETF has a 1-year low of $30.85 and a 1-year high of $35.90. The company’s 50 day moving average is $32.92 and its 200-day 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.