Mayflower Financial Advisors LLC Acquires Shares of 7,875 SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Mayflower Financial Advisors LLC bought a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,875 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC boosted its stake in SPDR ICE Preferred Securities ETF by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 22,821 shares of the company’s stock valued at $814,000 after buying an additional 417 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter worth about $31,000. JPMorgan Chase & Co. boosted its stake in shares of SPDR ICE Preferred Securities ETF by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock valued at $2,287,000 after purchasing an additional 882 shares in the last quarter. PFG Investments LLC grew its holdings in shares of SPDR ICE Preferred Securities ETF by 8.8% during the 4th quarter. PFG Investments LLC now owns 13,830 shares of the company’s stock valued at $456,000 after purchasing an additional 1,115 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its position in SPDR ICE Preferred Securities ETF by 8.6% during the 4th quarter. Pure Financial Advisors LLC now owns 14,516 shares of the company’s stock worth $479,000 after purchasing an additional 1,149 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of SPDR ICE Preferred Securities ETF stock opened at $33.52 on Thursday. The company’s 50 day moving average price is $33.62 and its two-hundred day moving average price is $34.44. SPDR ICE Preferred Securities ETF has a fifty-two week low of $32.30 and a fifty-two week high of $36.06.

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.