Midwest Trust Co Invests $5.18 Million in SPDR ICE Preferred Securities ETF $PSK

Midwest Trust Co bought a new stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 162,972 shares of the company’s stock, valued at approximately $5,176,000. Midwest Trust Co owned 0.65% of SPDR ICE Preferred Securities ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in SPDR ICE Preferred Securities ETF by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,110,466 shares of the company’s stock valued at $35,968,000 after purchasing an additional 63,727 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SPDR ICE Preferred Securities ETF by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 566,766 shares of the company’s stock worth $18,358,000 after purchasing an additional 66,590 shares in the last quarter. Sage Advisory Services Ltd.Co. boosted its position in shares of SPDR ICE Preferred Securities ETF by 52.6% in the first quarter. Sage Advisory Services Ltd.Co. now owns 275,449 shares of the company’s stock worth $8,922,000 after buying an additional 94,923 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of SPDR ICE Preferred Securities ETF by 31.3% in the first quarter. PNC Financial Services Group Inc. now owns 116,514 shares of the company’s stock worth $3,774,000 after buying an additional 27,743 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the first quarter valued at about $64,000.

SPDR ICE Preferred Securities ETF Trading Down 0.1%

Shares of NYSEARCA:PSK opened at $32.36 on Monday. The business’s 50-day simple moving average is $33.00 and its 200 day simple moving average is $32.31. SPDR ICE Preferred Securities ETF has a one year low of $30.85 and a one year high of $35.39.

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.