Atlas Private Wealth Advisors Sells 321,836 Shares of SPDR ICE Preferred Securities ETF $PSK

Atlas Private Wealth Advisors decreased its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 87.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,595 shares of the company’s stock after selling 321,836 shares during the quarter. Atlas Private Wealth Advisors owned approximately 0.19% of SPDR ICE Preferred Securities ETF worth $1,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 111.4% in the third quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock valued at $43,000 after purchasing an additional 685 shares during the period. WFA of San Diego LLC acquired a new position in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at about $84,000. Franklin Resources Inc. acquired a new position in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at about $143,000. Farther Finance Advisors LLC raised its holdings 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 valued at $166,000 after acquiring an additional 564 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the second quarter worth approximately $220,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $32.31 on Friday. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $33.88. The business has a 50 day moving average of $32.03 and a 200-day moving average of $32.44.

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.