Bank of New York Mellon Corp Lowers Stock Holdings in SPDR ICE Preferred Securities ETF $PSK

Bank of New York Mellon Corp cut its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 19.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,020 shares of the company’s stock after selling 210,097 shares during the quarter. Bank of New York Mellon Corp owned 3.71% of SPDR ICE Preferred Securities ETF worth $26,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PSK. Cornerstone Planning Group LLC boosted its holdings in SPDR ICE Preferred Securities ETF by 1,001.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after acquiring an additional 701 shares during the period. City Holding Co. acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $37,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR ICE Preferred Securities ETF by 287.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after buying an additional 1,327 shares during the period. IFP Advisors Inc boosted its position in SPDR ICE Preferred Securities ETF by 568.7% in the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock valued at $83,000 after buying an additional 2,218 shares during the period. Finally, WFA of San Diego LLC purchased a new position in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at approximately $84,000.

SPDR ICE Preferred Securities ETF Stock Up 0.2%

SPDR ICE Preferred Securities ETF stock opened at $30.26 on Tuesday. SPDR ICE Preferred Securities ETF has a twelve month low of $30.15 and a twelve month high of $33.77. The stock’s fifty day simple moving average is $30.63 and its 200-day simple moving average is $31.36.

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.