GeoWealth Management LLC Takes Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

GeoWealth Management LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 87,580 shares of the company’s stock, valued at approximately $2,889,000. GeoWealth Management LLC owned approximately 0.38% of SPDR ICE Preferred Securities ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of SPDR ICE Preferred Securities ETF by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock worth $2,287,000 after buying an additional 882 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in SPDR ICE Preferred Securities ETF by 988.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,313 shares of the company’s stock valued at $571,000 after acquiring an additional 15,722 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in SPDR ICE Preferred Securities ETF by 181.9% in the 4th quarter. Jones Financial Companies Lllp now owns 8,748 shares of the company’s stock valued at $289,000 after acquiring an additional 5,645 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $7,704,000. Finally, XML Financial LLC boosted its position in shares of SPDR ICE Preferred Securities ETF by 25.4% during the 4th quarter. XML Financial LLC now owns 32,641 shares of the company’s stock valued at $1,077,000 after acquiring an additional 6,602 shares during the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

SPDR ICE Preferred Securities ETF stock opened at $31.44 on Friday. SPDR ICE Preferred Securities ETF has a 1-year low of $30.85 and a 1-year high of $36.06. The firm has a 50 day simple moving average of $32.67 and a 200-day simple moving average of $33.66.

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.