Thurston Springer Miller Herd & Titak Inc. Makes New $76,000 Investment in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the second quarter, Holdings Channel reports. The institutional investor bought 2,247 shares of the company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC bought a new position in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $3,215,000. UBS Group AG increased its position in shares of SPDR ICE Preferred Securities ETF by 56.8% in the fourth quarter. UBS Group AG now owns 250,393 shares of the company’s stock valued at $8,393,000 after acquiring an additional 90,732 shares during the period. RFG Advisory LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth about $3,024,000. Park Avenue Securities LLC grew its stake in shares of SPDR ICE Preferred Securities ETF by 26.2% in the first quarter. Park Avenue Securities LLC now owns 285,731 shares of the company’s stock worth $9,963,000 after purchasing an additional 59,243 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its holdings in SPDR ICE Preferred Securities ETF by 57.1% during the 1st quarter. ST Germain D J Co. Inc. now owns 112,252 shares of the company’s stock valued at $3,914,000 after purchasing an additional 40,808 shares during the period.

SPDR ICE Preferred Securities ETF Trading Up 0.7 %

NYSEARCA PSK traded up $0.24 on Wednesday, hitting $34.01. The company’s stock had a trading volume of 29,621 shares, compared to its average volume of 128,063. SPDR ICE Preferred Securities ETF has a 52-week low of $29.91 and a 52-week high of $35.37. The company’s 50-day simple moving average is $33.89 and its 200 day simple moving average is $34.15.

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.