SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Unusually-High Trading Volume

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw strong trading volume on Thursday . 361,672 shares traded hands during mid-day trading, an increase of 191% from the previous session’s volume of 124,264 shares.The stock last traded at $33.72 and had previously closed at $33.81.

SPDR ICE Preferred Securities ETF Stock Down 0.2 %

The company’s 50 day moving average is $33.88 and its 200 day moving average is $34.15.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new position in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $32,000. Duncker Streett & Co. Inc. purchased a new position in SPDR ICE Preferred Securities ETF in the 1st quarter worth approximately $70,000. Vermillion & White Wealth Management Group LLC acquired a new position in SPDR ICE Preferred Securities ETF in the 4th quarter worth $72,000. Parkside Financial Bank & Trust acquired a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter valued at $74,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR ICE Preferred Securities ETF during the second quarter worth about $76,000.

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.