Stratos Wealth Partners LTD. Trims Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Stratos Wealth Partners LTD. reduced its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 14.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,636 shares of the company’s stock after selling 1,329 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in SPDR ICE Preferred Securities ETF were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PSK. Fifth Third Securities Inc. lifted its stake in shares of SPDR ICE Preferred Securities ETF by 727.4% in the 4th quarter. Fifth Third Securities Inc. now owns 82,239 shares of the company’s stock valued at $2,713,000 after purchasing an additional 72,300 shares during the period. Crews Bank & Trust purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at approximately $9,589,000. Twelve Points Wealth Management LLC increased its stake in shares of SPDR ICE Preferred Securities ETF by 48.2% during the fourth quarter. Twelve Points Wealth Management LLC now owns 123,527 shares of the company’s stock worth $4,075,000 after purchasing an additional 40,167 shares in the last quarter. Fulton Breakefield Broenniman LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $1,180,000. Finally, Mayflower Financial Advisors LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $260,000.

SPDR ICE Preferred Securities ETF Stock Up 0.9 %

SPDR ICE Preferred Securities ETF stock opened at $33.40 on Friday. The company has a fifty day simple moving average of $33.41 and a 200-day simple moving average of $34.38. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-week 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.