Stonehearth Capital Management LLC grew its position in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 10.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,730 shares of the company’s stock after acquiring an additional 2,760 shares during the quarter. SPDR Wells Fargo Preferred Stock ETF makes up approximately 0.9% of Stonehearth Capital Management LLC’s holdings, making the stock its 17th largest position. Stonehearth Capital Management LLC owned 0.17% of SPDR Wells Fargo Preferred Stock ETF worth $1,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PSK. Princeton Global Asset Management LLC bought a new stake in shares of SPDR Wells Fargo Preferred Stock ETF in the 4th quarter valued at approximately $32,000. Intercontinental Wealth Advisors LLC acquired a new position in SPDR Wells Fargo Preferred Stock ETF during the 4th quarter valued at approximately $43,000. Destination Wealth Management boosted its position in SPDR Wells Fargo Preferred Stock ETF by 325.3% during the 4th quarter. Destination Wealth Management now owns 2,922 shares of the company’s stock valued at $116,000 after purchasing an additional 2,235 shares during the period. IFP Advisors Inc boosted its position in SPDR Wells Fargo Preferred Stock ETF by 43.4% during the 4th quarter. IFP Advisors Inc now owns 3,816 shares of the company’s stock valued at $150,000 after purchasing an additional 1,154 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in SPDR Wells Fargo Preferred Stock ETF by 24.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 5,250 shares of the company’s stock valued at $208,000 after purchasing an additional 1,025 shares during the period.

NYSEARCA:PSK traded up $0.01 during midday trading on Thursday, reaching $42.66. 99,531 shares of the company traded hands, compared to its average volume of 108,995. SPDR Wells Fargo Preferred Stock ETF has a twelve month low of $38.53 and a twelve month high of $43.90.

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.40 dividend on an annualized basis and a yield of 5.63%.

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SPDR Wells Fargo Preferred Stock 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.

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

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