TD Capital Management LLC Decreases Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

TD Capital Management LLC trimmed its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,077 shares of the company’s stock after selling 1,478 shares during the quarter. TD Capital Management LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PSK. Larson Financial Group LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the third quarter worth $31,000. RFG Advisory LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth $221,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR ICE Preferred Securities ETF by 56.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,982 shares of the company’s stock worth $230,000 after purchasing an additional 2,532 shares in the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at $232,000. Finally, Mayflower Financial Advisors LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at $260,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $33.57 on Friday. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-week high of $36.06. The stock’s fifty day simple moving average is $33.31 and its 200-day simple moving average is $34.35.

SPDR ICE Preferred Securities ETF 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.