SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Large Volume Increase – Time to Buy?

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw strong trading volume on Tuesday . 535,537 shares changed hands during trading, an increase of 158% from the previous session’s volume of 207,281 shares.The stock last traded at $33.84 and had previously closed at $34.01.

SPDR ICE Preferred Securities ETF Stock Up 0.6 %

The company has a fifty day moving average of $33.61 and a 200-day moving average of $34.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the third quarter worth $31,000. Matrix Trust Co purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter worth $68,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SPDR ICE Preferred Securities ETF by 98.0% during the 3rd 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 during the last quarter. RFG Advisory LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $221,000. Finally, Clear Creek Financial Management LLC acquired a new position in SPDR ICE Preferred Securities ETF in the third quarter valued at about $232,000.

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.