Shulman DeMeo Asset Management LLC Cuts Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Shulman DeMeo Asset Management LLC lessened its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 3.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,898 shares of the company’s stock after selling 3,472 shares during the period. SPDR ICE Preferred Securities ETF comprises 1.0% of Shulman DeMeo Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Shulman DeMeo Asset Management LLC owned about 0.49% of SPDR ICE Preferred Securities ETF worth $3,725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in SPDR ICE Preferred Securities ETF by 10.6% in the third quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock valued at $13,126,000 after purchasing an additional 35,267 shares in the last quarter. Raymond James & Associates raised its stake in SPDR ICE Preferred Securities ETF by 62.6% during the 3rd quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock worth $6,823,000 after acquiring an additional 73,689 shares in the last quarter. Financial Advocates Investment Management lifted its position in SPDR ICE Preferred Securities ETF by 46.5% in the third quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock valued at $548,000 after acquiring an additional 4,875 shares during the last quarter. SK Wealth Management LLC acquired a new position in SPDR ICE Preferred Securities ETF in the third quarter valued at $1,217,000. Finally, Prospera Financial Services Inc grew its holdings in shares of SPDR ICE Preferred Securities ETF by 1,293.2% during the third quarter. Prospera Financial Services Inc now owns 87,090 shares of the company’s stock worth $3,105,000 after purchasing an additional 80,839 shares during the last quarter.

SPDR ICE Preferred Securities ETF Trading Down 0.2 %

PSK opened at $33.25 on Friday. SPDR ICE Preferred Securities ETF has a one year low of $32.30 and a one year high of $36.06. The business’s 50-day simple moving average is $33.79 and its 200-day simple moving average is $34.46.

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.