SVB Wealth LLC Sells 801 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

SVB Wealth LLC reduced its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,331 shares of the company’s stock after selling 801 shares during the period. SVB Wealth LLC owned 0.10% of SPDR ICE Preferred Securities ETF worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PSK. Allworth Financial LP raised its stake in SPDR ICE Preferred Securities ETF by 296.8% in the fourth quarter. Allworth Financial LP now owns 172,868 shares of the company’s stock worth $5,795,000 after buying an additional 129,307 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter worth about $3,215,000. UBS Group AG grew its holdings in SPDR ICE Preferred Securities ETF by 56.8% in the fourth quarter. UBS Group AG now owns 250,393 shares of the company’s stock worth $8,393,000 after purchasing an additional 90,732 shares during the period. RFG Advisory LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter worth about $3,024,000. Finally, Park Avenue Securities LLC grew its holdings in SPDR ICE Preferred Securities ETF by 26.2% in the first quarter. Park Avenue Securities LLC now owns 285,731 shares of the company’s stock worth $9,963,000 after purchasing an additional 59,243 shares during the period.

SPDR ICE Preferred Securities ETF Trading Down 0.2 %

Shares of NYSEARCA:PSK traded down $0.06 during trading on Monday, reaching $33.94. 143,276 shares of the stock traded hands, compared to its average volume of 122,943. The stock has a 50-day moving average of $33.86 and a two-hundred day moving average of $34.16. SPDR ICE Preferred Securities ETF has a 52-week low of $29.91 and a 52-week high of $35.37.

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.