Key Financial Inc Decreases Stock Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Key Financial Inc lessened its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 28.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,219 shares of the company’s stock after selling 1,710 shares during the quarter. Key Financial Inc’s holdings in SPDR ICE Preferred Securities ETF were worth $139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in SPDR ICE Preferred Securities ETF by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock valued at $2,287,000 after acquiring an additional 882 shares during the last quarter. Financial Advocates Investment Management grew its position in SPDR ICE Preferred Securities ETF by 46.5% in the 3rd quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock valued at $548,000 after acquiring an additional 4,875 shares during the last quarter. Raymond James & Associates grew its position in SPDR ICE Preferred Securities ETF by 62.6% in the 3rd quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock valued at $6,823,000 after acquiring an additional 73,689 shares during the last quarter. SK Wealth Management LLC bought a new position in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at $1,217,000. Finally, XML Financial LLC grew its position in SPDR ICE Preferred Securities ETF by 25.4% in the 4th quarter. XML Financial LLC now owns 32,641 shares of the company’s stock valued at $1,077,000 after acquiring an additional 6,602 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Down 0.4 %

Shares of SPDR ICE Preferred Securities ETF stock opened at $33.41 on Wednesday. The stock’s fifty day moving average is $33.36 and its two-hundred day moving average is $34.38. SPDR ICE Preferred Securities ETF has a 52 week low of $32.30 and a 52 week high of $36.06.

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.