Financial Counselors Inc. Sells 17,902 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Financial Counselors Inc. cut its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,125 shares of the company’s stock after selling 17,902 shares during the quarter. Financial Counselors Inc. owned about 0.85% of SPDR ICE Preferred Securities ETF worth $6,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in shares of SPDR ICE Preferred Securities ETF by 0.7% in the 4th quarter. Private Advisor Group LLC now owns 61,297 shares of the company’s stock worth $2,022,000 after buying an additional 453 shares during the period. Larson Financial Group LLC bought a new stake in SPDR ICE Preferred Securities ETF during the third quarter worth about $31,000. JPMorgan Chase & Co. grew its holdings in SPDR ICE Preferred Securities ETF by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock worth $2,287,000 after purchasing an additional 882 shares during the period. NewSquare Capital LLC increased its stake in shares of SPDR ICE Preferred Securities ETF by 0.4% during the fourth quarter. NewSquare Capital LLC now owns 228,226 shares of the company’s stock valued at $7,529,000 after purchasing an additional 925 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $36,000.

SPDR ICE Preferred Securities ETF Stock Performance

SPDR ICE Preferred Securities ETF stock opened at $32.79 on Thursday. SPDR ICE Preferred Securities ETF has a twelve month low of $32.30 and a twelve month high of $36.06. The stock’s 50 day moving average is $33.31 and its 200 day moving average is $34.14.

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.