Truist Financial Corp Sells 25,267 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Truist Financial Corp reduced its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,103 shares of the company’s stock after selling 25,267 shares during the period. Truist Financial Corp’s holdings in SPDR ICE Preferred Securities ETF were worth $6,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSK. Larson Financial Group LLC bought a new stake in SPDR ICE Preferred Securities ETF in the third quarter valued at $31,000. RFG Advisory LLC bought a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter valued at $221,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in SPDR ICE Preferred Securities ETF by 56.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,982 shares of the company’s stock valued at $230,000 after purchasing an additional 2,532 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in SPDR ICE Preferred Securities ETF in the third quarter valued at $232,000. Finally, Mayflower Financial Advisors LLC bought a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter valued at $260,000.

SPDR ICE Preferred Securities ETF Price Performance

NYSEARCA:PSK opened at $33.37 on Friday. The firm has a 50-day moving average of $33.31 and a 200-day moving average of $34.36. SPDR ICE Preferred Securities ETF has a one year low of $32.30 and a one year high of $36.06.

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.