SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,831 shares of the company’s stock after buying an additional 12,265 shares during the period. Sound Income Strategies LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $4,632,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Simplex Trading LLC purchased a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at $32,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth about $72,000. Parkside Financial Bank & Trust purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $74,000. Baystate Wealth Management LLC boosted its holdings in SPDR ICE Preferred Securities ETF by 15.0% in the fourth quarter. Baystate Wealth Management LLC now owns 2,326 shares of the company’s stock valued at $78,000 after purchasing an additional 304 shares in the last quarter. Finally, SignalPoint Asset Management LLC acquired a new position in SPDR ICE Preferred Securities ETF in the first quarter valued at approximately $222,000.

SPDR ICE Preferred Securities ETF Stock Performance

NYSEARCA PSK traded up $0.01 during trading hours on Wednesday, hitting $34.03. The company had a trading volume of 218,209 shares, compared to its average volume of 120,841. The business has a 50 day moving average of $33.66 and a 200-day moving average of $34.09. SPDR ICE Preferred Securities ETF has a 1-year low of $29.91 and a 1-year high of $35.37.

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.