SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Strong Trading Volume

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Rating) shares saw an uptick in trading volume on Friday . 202,858 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 194,847 shares.The stock last traded at $32.96 and had previously closed at $33.72.

SPDR ICE Preferred Securities ETF Price Performance

The firm has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $34.57.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AlphaCore Capital LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $26,000. Armstrong Advisory Group Inc. acquired a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter valued at approximately $29,000. FAS Wealth Partners acquired a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter valued at approximately $30,000. NewSquare Capital LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at approximately $42,000. Finally, CWM LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter valued at approximately $43,000.

SPDR ICE Preferred Securities ETF Company Profile

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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.