Hilton Capital Management LLC Grows Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Hilton Capital Management LLC grew its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 20.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,275 shares of the company’s stock after acquiring an additional 1,735 shares during the quarter. Hilton Capital Management LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 10.6% during the third quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock worth $13,126,000 after acquiring an additional 35,267 shares during the period. Crestwood Advisors Group LLC raised its stake in shares of SPDR ICE Preferred Securities ETF by 63.5% during the 2nd quarter. Crestwood Advisors Group LLC now owns 22,404 shares of the company’s stock worth $760,000 after purchasing an additional 8,704 shares during the period. Raymond James & Associates boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 62.6% in the 3rd quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock worth $6,823,000 after buying an additional 73,689 shares during the last quarter. Financial Advocates Investment Management grew its position in SPDR ICE Preferred Securities ETF by 46.5% during the third quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock valued at $548,000 after buying an additional 4,875 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the second quarter worth about $117,000.

SPDR ICE Preferred Securities ETF Trading Down 0.6 %

PSK opened at $34.10 on Thursday. SPDR ICE Preferred Securities ETF has a twelve month low of $32.13 and a twelve month high of $36.06. The company’s 50-day moving average price is $35.32 and its two-hundred day moving average price is $34.50.

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.