Truist Financial Corp Has $6.77 Million Holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Truist Financial Corp lessened its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,103 shares of the company’s stock after selling 25,267 shares during the period. Truist Financial Corp owned 0.88% of SPDR ICE Preferred Securities ETF worth $6,766,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC bought a new position in SPDR ICE Preferred Securities ETF during the third quarter worth $31,000. Clear Creek Financial Management LLC bought a new position in SPDR ICE Preferred Securities ETF during the third quarter worth $232,000. RFG Advisory LLC bought a new position in SPDR ICE Preferred Securities ETF during the fourth quarter worth $221,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in SPDR ICE Preferred Securities ETF by 56.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,982 shares of the company’s stock worth $230,000 after buying an additional 2,532 shares during the last quarter. Finally, Mayflower Financial Advisors LLC bought a new position in SPDR ICE Preferred Securities ETF during the fourth quarter worth $260,000.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA PSK opened at $33.37 on Friday. SPDR ICE Preferred Securities ETF has a twelve month low of $32.30 and a twelve month high of $36.06. The firm has a fifty day simple moving average of $33.31 and a 200 day simple moving average of $34.36.

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.