SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sets New 12-Month Low – Here’s What Happened

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)’s stock price reached a new 52-week low on Monday . The stock traded as low as $30.85 and last traded at $30.87, with a volume of 52227 shares trading hands. The stock had previously closed at $30.86.

SPDR ICE Preferred Securities ETF Stock Down 0.2%

The firm’s 50 day moving average is $31.99 and its 200-day moving average is $32.29.

SPDR ICE Preferred Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its position in SPDR ICE Preferred Securities ETF by 164.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 45,908 shares of the company’s stock worth $1,455,000 after purchasing an additional 28,533 shares in the last quarter. Amicus Financial Advisors LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $240,000. WealthPoint Financial LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $259,000. Wealthspire Retirement LLC raised its stake in shares of SPDR ICE Preferred Securities ETF by 9.2% during the 4th quarter. Wealthspire Retirement LLC now owns 40,048 shares of the company’s stock worth $1,269,000 after buying an additional 3,367 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 2.6% during the 4th quarter. NewEdge Advisors LLC now owns 25,431 shares of the company’s stock valued at $806,000 after buying an additional 636 shares in the last quarter.

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.