SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Reaches New 52-Week Low – Here’s What Happened

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares hit a new 52-week low on Tuesday . The stock traded as low as $32.85 and last traded at $32.85, with a volume of 46540 shares. The stock had previously closed at $33.12.

SPDR ICE Preferred Securities ETF Price Performance

The firm’s 50-day moving average price is $34.56 and its 200-day moving average price is $34.56.

Institutional Trading of SPDR ICE Preferred Securities ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in SPDR ICE Preferred Securities ETF in the 2nd quarter worth about $19,949,000. Atlas Private Wealth Advisors increased its position in shares of SPDR ICE Preferred Securities ETF by 210.3% in the third quarter. Atlas Private Wealth Advisors now owns 447,166 shares of the company’s stock worth $15,947,000 after purchasing an additional 303,036 shares during the last quarter. Park Avenue Securities LLC raised its stake in SPDR ICE Preferred Securities ETF by 10.6% in the third quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock valued at $13,126,000 after purchasing an additional 35,267 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR ICE Preferred Securities ETF by 133.2% during the second quarter. Envestnet Asset Management Inc. now owns 314,732 shares of the company’s stock valued at $10,679,000 after purchasing an additional 179,783 shares during the last quarter. Finally, Sage Advisory Services Ltd.Co. grew its stake in SPDR ICE Preferred Securities ETF by 147.3% in the 2nd quarter. Sage Advisory Services Ltd.Co. now owns 194,882 shares of the company’s stock worth $6,612,000 after buying an additional 116,067 shares in the last quarter.

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.