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

Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) reached a new 52-week low on Friday . The stock traded as low as $32.66 and last traded at $32.67, with a volume of 122051 shares traded. The stock had previously closed at $33.05.

SPDR ICE Preferred Securities ETF Price Performance

The stock has a 50-day moving average of $34.00 and a 200-day moving average of $34.50.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Large investors have recently made changes to their positions in the stock. Atlas Private Wealth Advisors grew its holdings in SPDR ICE Preferred Securities ETF by 210.3% during the third quarter. Atlas Private Wealth Advisors now owns 447,166 shares of the company’s stock worth $15,947,000 after purchasing an additional 303,036 shares during the period. Envestnet Asset Management Inc. boosted its stake in SPDR ICE Preferred Securities ETF by 133.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 314,732 shares of the company’s stock valued at $10,679,000 after purchasing an additional 179,783 shares during the period. ST Germain D J Co. Inc. boosted its position in shares of SPDR ICE Preferred Securities ETF by 81.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 233,536 shares of the company’s stock valued at $7,704,000 after acquiring an additional 104,560 shares during the period. Elevation Capital Advisory LLC bought a new position in SPDR ICE Preferred Securities ETF during the second quarter worth about $2,931,000. Finally, Prospera Financial Services Inc raised its position in shares of SPDR ICE Preferred Securities ETF by 1,293.2% in the third quarter. Prospera Financial Services Inc now owns 87,090 shares of the company’s stock valued at $3,105,000 after buying an additional 80,839 shares in the last quarter.

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.