Strategic Wealth Partners Ltd. increased its holdings in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 90.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,040 shares of the company’s stock after acquiring an additional 48,585 shares during the quarter. SPDR Wells Fargo Preferred Stock ETF comprises about 2.3% of Strategic Wealth Partners Ltd.’s investment portfolio, making the stock its 5th biggest holding. Strategic Wealth Partners Ltd. owned about 0.66% of SPDR Wells Fargo Preferred Stock ETF worth $4,350,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its position in SPDR Wells Fargo Preferred Stock ETF by 56.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,515 shares of the company’s stock valued at $153,000 after purchasing an additional 1,265 shares during the last quarter. Stonehearth Capital Management LLC grew its position in SPDR Wells Fargo Preferred Stock ETF by 3.5% during the 3rd quarter. Stonehearth Capital Management LLC now owns 41,275 shares of the company’s stock valued at $1,760,000 after purchasing an additional 1,388 shares during the last quarter. Coastline Trust Co grew its position in SPDR Wells Fargo Preferred Stock ETF by 15.5% during the 3rd quarter. Coastline Trust Co now owns 17,210 shares of the company’s stock valued at $734,000 after purchasing an additional 2,310 shares during the last quarter. Centaurus Financial Inc. grew its position in SPDR Wells Fargo Preferred Stock ETF by 94.3% during the 2nd quarter. Centaurus Financial Inc. now owns 4,896 shares of the company’s stock valued at $213,000 after purchasing an additional 2,376 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. grew its position in SPDR Wells Fargo Preferred Stock ETF by 7.6% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 34,591 shares of the company’s stock valued at $1,475,000 after purchasing an additional 2,436 shares during the last quarter.

PSK stock traded down $0.25 during trading on Thursday, hitting $39.77. 52,426 shares of the stock traded hands, compared to its average volume of 97,543. SPDR Wells Fargo Preferred Stock ETF has a 1 year low of $39.85 and a 1 year high of $45.19.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 7th. Investors of record on Tuesday, December 4th will be given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 6.03%. The ex-dividend date is Monday, December 3rd.

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SPDR Wells Fargo Preferred Stock 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.

See Also: Market Capitalization

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Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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