Checchi Capital Advisers LLC Buys New Stake in SPDR ICE Preferred Securities ETF $PSK

Checchi Capital Advisers LLC bought a new stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 189,721 shares of the company’s stock, valued at approximately $6,012,000. Checchi Capital Advisers LLC owned 0.79% of SPDR ICE Preferred Securities ETF at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Equitable Holdings Inc. lifted its stake in shares of SPDR ICE Preferred Securities ETF by 4.0% in the 3rd quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock valued at $285,000 after purchasing an additional 332 shares during the period. Pure Financial Advisors LLC raised its position in SPDR ICE Preferred Securities ETF by 2.0% during the third quarter. Pure Financial Advisors LLC now owns 24,817 shares of the company’s stock worth $821,000 after acquiring an additional 494 shares during the period. Stratos Wealth Partners LTD. raised its position in SPDR ICE Preferred Securities ETF by 8.1% during the third quarter. Stratos Wealth Partners LTD. now owns 6,888 shares of the company’s stock worth $228,000 after acquiring an additional 518 shares during the period. Farther Finance Advisors LLC raised its position in SPDR ICE Preferred Securities ETF by 12.7% during the third quarter. Farther Finance Advisors LLC now owns 5,006 shares of the company’s stock worth $166,000 after acquiring an additional 564 shares during the period. Finally, Private Trust Co. NA raised its position in SPDR ICE Preferred Securities ETF by 4.5% during the fourth quarter. Private Trust Co. NA now owns 13,270 shares of the company’s stock worth $421,000 after acquiring an additional 569 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

NYSEARCA:PSK opened at $31.54 on Tuesday. The company has a fifty day moving average of $31.65 and a two-hundred day moving average of $32.05. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.70 and a fifty-two week high of $33.77.

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.