Charles Schwab Investment Advisory Inc. Has $5.34 Million Holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Charles Schwab Investment Advisory Inc. raised its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,158 shares of the company’s stock after acquiring an additional 17,523 shares during the quarter. Charles Schwab Investment Advisory Inc. owned about 0.62% of SPDR ICE Preferred Securities ETF worth $5,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $28,000. Simplex Trading LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $32,000. NBC Securities Inc. acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter worth approximately $60,000. Parkside Financial Bank & Trust bought a new position in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $74,000. Finally, Baystate Wealth Management LLC boosted its stake in SPDR ICE Preferred Securities ETF by 15.0% during the 4th quarter. Baystate Wealth Management LLC now owns 2,326 shares of the company’s stock worth $78,000 after acquiring an additional 304 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Down 1.0 %

SPDR ICE Preferred Securities ETF stock traded down $0.33 during midday trading on Wednesday, hitting $33.56. 55,458 shares of the stock were exchanged, compared to its average volume of 115,074. SPDR ICE Preferred Securities ETF has a 52 week low of $29.91 and a 52 week high of $35.37. The company has a fifty day simple moving average of $34.33 and a two-hundred day simple moving average of $33.70.

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.