McAdam LLC Sells 3,043 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

McAdam LLC reduced its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 8.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,365 shares of the company’s stock after selling 3,043 shares during the period. McAdam LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $1,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter worth approximately $31,000. Matrix Trust Co bought a new stake in shares of SPDR ICE Preferred Securities ETF during the third quarter valued at approximately $68,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in SPDR ICE Preferred Securities ETF by 98.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock worth $159,000 after purchasing an additional 2,203 shares during the period. Clear Creek Financial Management LLC bought a new position in SPDR ICE Preferred Securities ETF in the third quarter worth $232,000. Finally, RFG Advisory LLC purchased a new position in SPDR ICE Preferred Securities ETF during the fourth quarter valued at $221,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK stock opened at $33.38 on Friday. The company’s fifty day moving average price is $33.59 and its 200-day moving average price is $34.43. SPDR ICE Preferred Securities ETF has a 12 month low of $32.30 and a 12 month high of $36.06.

SPDR ICE Preferred Securities 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.