1900 Wealth Management LLC Has $240,000 Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

1900 Wealth Management LLC decreased its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 72.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,155 shares of the company’s stock after selling 18,393 shares during the period. 1900 Wealth Management LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PSK. Fifth Third Bancorp bought a new stake in SPDR ICE Preferred Securities ETF in the third quarter valued at $28,000. NBC Securities Inc. bought a new stake in SPDR ICE Preferred Securities ETF in the third quarter valued at $60,000. Baystate Wealth Management LLC increased its stake in SPDR ICE Preferred Securities ETF by 15.0% in the fourth quarter. Baystate Wealth Management LLC now owns 2,326 shares of the company’s stock valued at $78,000 after purchasing an additional 304 shares in the last quarter. Advisory Alpha LLC bought a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter valued at $228,000. Finally, HF Advisory Group LLC increased its stake in SPDR ICE Preferred Securities ETF by 5.6% in the fourth quarter. HF Advisory Group LLC now owns 6,928 shares of the company’s stock valued at $232,000 after purchasing an additional 368 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Up 1.4 %

PSK opened at $33.88 on Wednesday. SPDR ICE Preferred Securities ETF has a 1-year low of $29.91 and a 1-year high of $35.37. The company has a fifty day moving average price of $34.52 and a two-hundred day moving average price of $33.48.

SPDR ICE Preferred Securities ETF Company 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.