Falcon Wealth Planning Cuts Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Falcon Wealth Planning lessened its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 59.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,177 shares of the company’s stock after selling 8,910 shares during the quarter. Falcon Wealth Planning’s holdings in SPDR ICE Preferred Securities ETF were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter valued at about $31,000. Matrix Trust Co purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the third quarter valued at approximately $68,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 98.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock worth $159,000 after purchasing an additional 2,203 shares in the last quarter. RFG Advisory LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter valued at $221,000. Finally, Clear Creek Financial Management LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the 3rd quarter valued at $232,000.

SPDR ICE Preferred Securities ETF Trading Down 0.6 %

Shares of PSK stock opened at $33.80 on Wednesday. The company’s fifty day moving average price is $33.63 and its two-hundred day moving average price is $34.45. SPDR ICE Preferred Securities ETF has a 12 month low of $32.30 and a 12 month high of $36.06.

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.