Cetera Investment Advisers Has $3.12 Million Stake in SPDR ICE Preferred Securities ETF $PSK

Cetera Investment Advisers cut its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,114 shares of the company’s stock after selling 3,705 shares during the period. Cetera Investment Advisers owned about 0.39% of SPDR ICE Preferred Securities ETF worth $3,116,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC raised its position in SPDR ICE Preferred Securities ETF by 1.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 38,194 shares of the company’s stock valued at $1,213,000 after purchasing an additional 448 shares during the last quarter. Comerica Bank increased its stake in SPDR ICE Preferred Securities ETF by 4.9% during the 1st quarter. Comerica Bank now owns 9,966 shares of the company’s stock valued at $323,000 after purchasing an additional 465 shares in the last quarter. Synovus Financial Corp boosted its stake in SPDR ICE Preferred Securities ETF by 2.9% during the 1st quarter. Synovus Financial Corp now owns 21,223 shares of the company’s stock valued at $687,000 after purchasing an additional 601 shares during the last quarter. Sowell Financial Services LLC raised its position in SPDR ICE Preferred Securities ETF by 4.3% in the 2nd quarter. Sowell Financial Services LLC now owns 16,010 shares of the company’s stock valued at $508,000 after buying an additional 656 shares during the last quarter. Finally, Austin Private Wealth LLC increased its stake in SPDR ICE Preferred Securities ETF by 13.7% in the 2nd quarter. Austin Private Wealth LLC now owns 7,240 shares of the company’s stock valued at $230,000 after buying an additional 872 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $32.13 on Friday. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $34.72. The business has a fifty day moving average price of $32.70 and a two-hundred day moving average price of $32.33.

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.