SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) saw strong trading volume on Wednesday . 244,725 shares were traded during trading, an increase of 83% from the previous session’s volume of 133,778 shares.The stock last traded at $34.88 and had previously closed at $34.61.
SPDR ICE Preferred Securities ETF Trading Down 0.3 %
The business’s 50-day moving average is $34.24 and its 200-day moving average is $34.16.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Simplex Trading LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter valued at $32,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $72,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter valued at approximately $76,000. International Assets Investment Management LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at $117,000. Finally, SignalPoint Asset Management LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the 1st quarter worth $222,000.
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.
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