Envestnet Asset Management Inc. Purchases 15,335 Shares of SPDR ICE Preferred Securities ETF $PSK

Envestnet Asset Management Inc. raised its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 582,101 shares of the company’s stock after acquiring an additional 15,335 shares during the period. Envestnet Asset Management Inc. owned about 2.31% of SPDR ICE Preferred Securities ETF worth $18,488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the second quarter valued at $40,724,000. Bank of New York Mellon Corp boosted its stake in SPDR ICE Preferred Securities ETF by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 1,110,466 shares of the company’s stock worth $35,968,000 after buying an additional 63,727 shares in the last quarter. Royal Bank of Canada increased its holdings in SPDR ICE Preferred Securities ETF by 22.8% in the 1st quarter. Royal Bank of Canada now owns 986,591 shares of the company’s stock valued at $31,955,000 after buying an additional 183,181 shares during the period. CNO Financial Group Inc. acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 1st quarter valued at $22,673,000. Finally, Flputnam Investment Management Co. lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 9.5% during the 1st quarter. Flputnam Investment Management Co. now owns 628,350 shares of the company’s stock worth $20,352,000 after acquiring an additional 54,603 shares during the period.

SPDR ICE Preferred Securities ETF Trading Up 0.3%

Shares of SPDR ICE Preferred Securities ETF stock opened at $32.41 on Thursday. The firm’s 50-day simple moving average is $33.01 and its 200-day simple moving average is $32.29. SPDR ICE Preferred Securities ETF has a twelve month low of $30.85 and a twelve month high of $35.39.

SPDR ICE Preferred Securities ETF 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.