Key Financial Inc Lowers Stake in SPDR ICE Preferred Securities ETF $PSK

Key Financial Inc decreased its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 58.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,618 shares of the company’s stock after selling 2,301 shares during the period. Key Financial Inc’s holdings in SPDR ICE Preferred Securities ETF were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. AlphaCore Capital LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the 1st quarter worth approximately $64,000. Fortis Capital Advisors LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the first quarter worth $201,000. Austin Private Wealth LLC grew its position in shares of SPDR ICE Preferred Securities ETF by 13.7% in the second quarter. Austin Private Wealth LLC now owns 7,240 shares of the company’s stock valued at $230,000 after purchasing an additional 872 shares during the period. DAVENPORT & Co LLC increased its stake in SPDR ICE Preferred Securities ETF by 19.8% in the second quarter. DAVENPORT & Co LLC now owns 8,171 shares of the company’s stock valued at $260,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in SPDR ICE Preferred Securities ETF by 10.8% during the first quarter. Townsquare Capital LLC now owns 9,761 shares of the company’s stock worth $316,000 after buying an additional 954 shares during the period.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA:PSK opened at $32.30 on Wednesday. The stock’s 50-day moving average price is $33.01 and its two-hundred day moving average price is $32.29. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $35.39.

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.