Envestnet Asset Management Inc. bought a new stake in SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,498 shares of the company’s stock, valued at approximately $961,000. Envestnet Asset Management Inc. owned about 0.17% of SPDR Wells Fargo Prfd Stk ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Charles Schwab Investment Advisory Inc. lifted its stake in SPDR Wells Fargo Prfd Stk ETF by 19.0% in the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 1,085,414 shares of the company’s stock valued at $48,518,000 after purchasing an additional 173,300 shares during the last quarter. NewSquare Capital LLC raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 1.4% in the 3rd quarter. NewSquare Capital LLC now owns 194,018 shares of the company’s stock valued at $8,445,000 after acquiring an additional 2,656 shares during the period. Wells Fargo & Company MN raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 12.3% in the 3rd quarter. Wells Fargo & Company MN now owns 67,383 shares of the company’s stock valued at $3,012,000 after acquiring an additional 7,380 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 18.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,322 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,576 shares during the period. Finally, Tompkins Financial Corp raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 55.1% in the 3rd quarter. Tompkins Financial Corp now owns 13,880 shares of the company’s stock valued at $620,000 after acquiring an additional 4,930 shares during the period.

Separately, Scotiabank reissued a “hold” rating and issued a $35.00 price target on shares of SPDR Wells Fargo Prfd Stk ETF in a report on Tuesday, October 10th.

SPDR Wells Fargo Prfd Stk ETF (NYSEARCA PSK) opened at $44.21 on Wednesday. SPDR Wells Fargo Prfd Stk ETF has a fifty-two week low of $41.55 and a fifty-two week high of $45.44.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be issued a $0.6846 dividend. The ex-dividend date is Friday, December 15th. This represents a $2.74 annualized dividend and a yield of 6.19%.

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SPDR Wells Fargo Prfd Stk 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.

Institutional Ownership by Quarter for SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK)

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