Elevation Capital Advisory LLC Acquires Shares of 75,693 SPDR ICE Preferred Securities ETF $PSK

Elevation Capital Advisory LLC bought a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 75,693 shares of the company’s stock, valued at approximately $2,503,000.

Other hedge funds have also modified their holdings of the company. Cornerstone Financial Group LLC NE lifted its stake in shares of SPDR ICE Preferred Securities ETF by 1.9% in the second quarter. Cornerstone Financial Group LLC NE now owns 18,194 shares of the company’s stock worth $578,000 after buying an additional 345 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in SPDR ICE Preferred Securities ETF by 1.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 38,194 shares of the company’s stock valued at $1,213,000 after acquiring an additional 448 shares in the last quarter. Pure Financial Advisors LLC raised its holdings in SPDR ICE Preferred Securities ETF by 2.0% in the 3rd quarter. Pure Financial Advisors LLC now owns 24,817 shares of the company’s stock valued at $821,000 after acquiring an additional 494 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in SPDR ICE Preferred Securities ETF by 12.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,006 shares of the company’s stock worth $166,000 after purchasing an additional 564 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its stake in SPDR ICE Preferred Securities ETF by 4.3% in the 2nd quarter. Sowell Financial Services LLC now owns 16,010 shares of the company’s stock worth $508,000 after purchasing an additional 656 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

PSK stock opened at $32.42 on Friday. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $34.08. The business has a 50 day simple moving average of $31.98 and a 200-day simple moving average of $32.43.

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.