Rialto Wealth Management LLC Invests $36,000 in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Rialto Wealth Management LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,087 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors have also added to or reduced their stakes in PSK. Larson Financial Group LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter valued at approximately $31,000. RFG Advisory LLC purchased a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $221,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 valued at $230,000 after purchasing an additional 2,532 shares during the period. Mayflower Financial Advisors LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter worth $260,000. Finally, Jones Financial Companies Lllp raised its stake in shares of SPDR ICE Preferred Securities ETF by 181.9% in the fourth quarter. Jones Financial Companies Lllp now owns 8,748 shares of the company’s stock valued at $289,000 after buying an additional 5,645 shares during the period.

SPDR ICE Preferred Securities ETF Stock Down 0.7 %

Shares of NYSEARCA PSK opened at $32.90 on Monday. The business’s fifty day moving average price is $33.34 and its 200-day moving average price is $34.30. SPDR ICE Preferred Securities ETF has a one year low of $32.30 and a one year high of $36.06.

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.