Strategic Financial Concepts LLC Makes New Investment in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Strategic Financial Concepts LLC bought a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 78,394 shares of the company’s stock, valued at approximately $2,586,000.

Several other institutional investors have also recently made changes to their positions in the company. Crestwood Advisors Group LLC grew its stake in SPDR ICE Preferred Securities ETF by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 22,821 shares of the company’s stock worth $814,000 after purchasing an additional 417 shares during the period. Larson Financial Group LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter worth about $31,000. JPMorgan Chase & Co. increased its stake in shares of SPDR ICE Preferred Securities ETF by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock worth $2,287,000 after acquiring an additional 882 shares in the last quarter. PFG Investments LLC lifted its position in SPDR ICE Preferred Securities ETF by 8.8% during the 4th quarter. PFG Investments LLC now owns 13,830 shares of the company’s stock valued at $456,000 after acquiring an additional 1,115 shares during the period. Finally, Pure Financial Advisors LLC boosted its stake in SPDR ICE Preferred Securities ETF by 8.6% during the fourth quarter. Pure Financial Advisors LLC now owns 14,516 shares of the company’s stock worth $479,000 after acquiring an additional 1,149 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Down 0.3 %

Shares of NYSEARCA PSK opened at $33.27 on Monday. The company has a 50 day simple moving average of $33.46 and a two-hundred day simple moving average of $34.40. SPDR ICE Preferred Securities ETF has a fifty-two week low of $32.30 and a fifty-two week high of $36.06.

SPDR ICE Preferred Securities ETF Company 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.