NewEdge Wealth LLC Invests $255,000 in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

NewEdge Wealth LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,600 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in SPDR ICE Preferred Securities ETF in the 3rd quarter worth about $28,000. IMA Wealth Inc. bought a new position in SPDR ICE Preferred Securities ETF in the 1st quarter worth about $36,000. Belpointe Asset Management LLC boosted its stake in SPDR ICE Preferred Securities ETF by 680.3% in the 1st quarter. Belpointe Asset Management LLC now owns 1,147 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. Qube Research & Technologies Ltd boosted its stake in SPDR ICE Preferred Securities ETF by 79,300.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,588 shares of the company’s stock worth $52,000 after purchasing an additional 1,586 shares during the period. Finally, NBC Securities Inc. bought a new position in SPDR ICE Preferred Securities ETF in the 3rd quarter worth about $60,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA PSK opened at $33.11 on Friday. SPDR ICE Preferred Securities ETF has a 52 week low of $29.91 and a 52 week high of $35.37. The business has a 50-day simple moving average of $34.58 and a two-hundred day simple moving average of $33.42.

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.