SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Reaches New 52-Week Low – Here’s What Happened

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares hit a new 52-week low on Tuesday . The company traded as low as $32.12 and last traded at $32.15, with a volume of 127207 shares changing hands. The stock had previously closed at $32.21.

SPDR ICE Preferred Securities ETF Price Performance

The stock has a fifty day simple moving average of $33.25 and a two-hundred day simple moving average of $34.07.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC grew its holdings in SPDR ICE Preferred Securities ETF by 0.7% during the 4th quarter. Private Advisor Group LLC now owns 61,297 shares of the company’s stock valued at $2,022,000 after buying an additional 453 shares during the last quarter. Mariner LLC lifted its stake in shares of SPDR ICE Preferred Securities ETF by 0.6% during the fourth quarter. Mariner LLC now owns 83,132 shares of the company’s stock valued at $2,743,000 after buying an additional 517 shares during the period. JPMorgan Chase & Co. boosted its position in SPDR ICE Preferred Securities ETF by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock worth $2,287,000 after acquiring an additional 882 shares during the last quarter. NewSquare Capital LLC grew its stake in SPDR ICE Preferred Securities ETF by 0.4% in the 4th quarter. NewSquare Capital LLC now owns 228,226 shares of the company’s stock worth $7,529,000 after acquiring an additional 925 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in SPDR ICE Preferred Securities ETF by 2.8% in the 4th quarter. NewEdge Advisors LLC now owns 34,315 shares of the company’s stock valued at $1,132,000 after acquiring an additional 925 shares during the last quarter.

About SPDR ICE Preferred Securities ETF

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.