Fifth Third Securities Inc. Purchases 72,300 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Fifth Third Securities Inc. boosted its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 727.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,239 shares of the company’s stock after purchasing an additional 72,300 shares during the period. Fifth Third Securities Inc.’s holdings in SPDR ICE Preferred Securities ETF were worth $2,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth approximately $9,589,000. Twelve Points Wealth Management LLC boosted its stake in SPDR ICE Preferred Securities ETF by 48.2% in the fourth quarter. Twelve Points Wealth Management LLC now owns 123,527 shares of the company’s stock worth $4,075,000 after purchasing an additional 40,167 shares in the last quarter. Fulton Breakefield Broenniman LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth $1,180,000. Mayflower Financial Advisors LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth $260,000. Finally, Nilsine Partners LLC increased its stake in shares of SPDR ICE Preferred Securities ETF by 12.5% in the fourth quarter. Nilsine Partners LLC now owns 65,628 shares of the company’s stock valued at $2,165,000 after buying an additional 7,279 shares in the last quarter.

SPDR ICE Preferred Securities ETF Trading Up 0.6 %

Shares of NYSEARCA PSK opened at $33.72 on Friday. SPDR ICE Preferred Securities ETF has a 12-month low of $32.30 and a 12-month high of $36.06. The firm’s 50-day simple moving average is $33.61 and its 200 day simple moving average is $34.44.

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.