GLOBALT Investments LLC GA Reduces Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

GLOBALT Investments LLC GA decreased its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,634 shares of the company’s stock after selling 351 shares during the quarter. GLOBALT Investments LLC GA’s holdings in SPDR ICE Preferred Securities ETF were worth $582,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PSK. Crews Bank & Trust purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $9,589,000. Raymond James Financial Inc. purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $7,704,000. ST Germain D J Co. Inc. lifted its stake in SPDR ICE Preferred Securities ETF by 81.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 233,536 shares of the company’s stock worth $7,704,000 after purchasing an additional 104,560 shares during the last quarter. Elevation Capital Advisory LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $2,889,000. Finally, Prospera Financial Services Inc lifted its stake in 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 Stock Performance

PSK stock opened at $33.11 on Tuesday. The business has a 50 day moving average price of $33.29 and a 200 day moving average price of $34.23. SPDR ICE Preferred Securities ETF has a fifty-two week low of $32.30 and a fifty-two week high of $36.06.

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.