Strategic Financial Concepts LLC Takes $2.59 Million Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Strategic Financial Concepts LLC acquired a new position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 78,394 shares of the company’s stock, valued at approximately $2,586,000. Strategic Financial Concepts LLC owned about 0.34% of SPDR ICE Preferred Securities ETF at the end of the most recent quarter.

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

SPDR ICE Preferred Securities ETF Stock Down 0.3 %

Shares of SPDR ICE Preferred Securities ETF stock opened at $33.27 on Monday. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-week high of $36.06. The company has a fifty day moving average of $33.46 and a 200-day moving average of $34.40.

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.