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

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares hit a new 52-week low on Friday . The stock traded as low as $30.60 and last traded at $30.64, with a volume of 68486 shares traded. The stock had previously closed at $30.71.

SPDR ICE Preferred Securities ETF Price Performance

The firm’s 50-day moving average price is $31.19 and its two-hundred day moving average price is $31.71.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Several hedge funds have recently modified their holdings of PSK. Cornerstone Planning Group LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 1,001.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock worth $25,000 after purchasing an additional 701 shares during the period. City Holding Co. purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $37,000. AE Wealth Management LLC lifted its position in SPDR ICE Preferred Securities ETF by 111.4% during the third quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock valued at $43,000 after acquiring an additional 685 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in SPDR ICE Preferred Securities ETF by 287.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after acquiring an additional 1,327 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in SPDR ICE Preferred Securities ETF by 568.7% during the fourth quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock valued at $83,000 after acquiring an additional 2,218 shares during 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.