Townsquare Capital LLC Decreases Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Townsquare Capital LLC cut its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,807 shares of the company’s stock after selling 1,280 shares during the quarter. Townsquare Capital LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth $7,704,000. Envestnet Asset Management Inc. raised its stake in SPDR ICE Preferred Securities ETF by 2.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 500,176 shares of the company’s stock worth $16,501,000 after purchasing an additional 9,676 shares during the period. Wells Fargo & Company MN boosted its holdings in SPDR ICE Preferred Securities ETF by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 852,411 shares of the company’s stock valued at $28,121,000 after purchasing an additional 33,227 shares during the last quarter. World Investment Advisors boosted its holdings in SPDR ICE Preferred Securities ETF by 8.4% in the 4th quarter. World Investment Advisors now owns 27,763 shares of the company’s stock valued at $916,000 after purchasing an additional 2,157 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of SPDR ICE Preferred Securities ETF by 4.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 26,413 shares of the company’s stock valued at $871,000 after buying an additional 1,155 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA PSK opened at $31.21 on Tuesday. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $36.06. The company has a 50 day simple moving average of $32.60 and a 200-day simple moving average of $33.58.

SPDR ICE Preferred Securities 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.