SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw strong trading volume on Friday . 286,268 shares changed hands during trading, an increase of 141% from the previous session’s volume of 118,670 shares.The stock last traded at $31.84 and had previously closed at $32.02.

SPDR ICE Preferred Securities ETF Price Performance

The company has a 50-day simple moving average of $32.17 and a two-hundred day simple moving average of $32.44.

SPDR ICE Preferred Securities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Sage Advisory Services Ltd.Co. raised its holdings in shares of SPDR ICE Preferred Securities ETF by 9.3% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock worth $11,986,000 after purchasing an additional 30,963 shares during the period. Osaic Holdings Inc. grew its holdings in SPDR ICE Preferred Securities ETF by 54.4% during the second quarter. Osaic Holdings Inc. now owns 54,067 shares of the company’s stock valued at $1,718,000 after purchasing an additional 19,052 shares during the period. Park Avenue Securities LLC grew its holdings in SPDR ICE Preferred Securities ETF by 13.9% during the third quarter. Park Avenue Securities LLC now owns 528,890 shares of the company’s stock valued at $17,490,000 after purchasing an additional 64,707 shares during the period. Elevation Capital Advisory LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the third quarter worth $2,503,000. Finally, Midwest Trust Co purchased a new stake in SPDR ICE Preferred Securities ETF in the second quarter worth $5,176,000.

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.