SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Holdings Lowered by Marshall Financial Group LLC


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Marshall Financial Group LLC lessened its stake in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,570 shares of the company’s stock after selling 1,256 shares during the quarter. Marshall Financial Group LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PSK. Donoghue Forlines LLC acquired a new position in shares of SPDR Wells Fargo Preferred Stock ETF in the 4th quarter worth approximately $19,609,000. Proequities Inc. acquired a new position in shares of SPDR Wells Fargo Preferred Stock ETF in the 4th quarter worth $6,345,000. LPL Financial LLC lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 25.5% during the fourth quarter. LPL Financial LLC now owns 464,561 shares of the company’s stock valued at $20,631,000 after purchasing an additional 94,324 shares during the last quarter. Susquehanna International Group LLP increased its stake in SPDR Wells Fargo Preferred Stock ETF by 226.2% in the 4th quarter. Susquehanna International Group LLP now owns 113,979 shares of the company’s stock worth $5,062,000 after purchasing an additional 79,035 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV increased its position in shares of SPDR Wells Fargo Preferred Stock ETF by 92.7% in the fourth quarter. Mid Atlantic Financial Management Inc. ADV now owns 137,986 shares of the company’s stock worth $6,128,000 after acquiring an additional 66,383 shares in the last quarter.

Shares of PSK stock traded down $0.04 during trading on Thursday, hitting $43.67. 2,700 shares of the company were exchanged, compared to its average volume of 261,939. The business’s 50-day simple moving average is $43.25 and its 200 day simple moving average is $43.52. SPDR Wells Fargo Preferred Stock ETF has a twelve month low of $40.52 and a twelve month high of $44.44.

SPDR Wells Fargo Preferred Stock 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.

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Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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