Midwest Trust Co Has $4.31 Million Stock Position in SPDR ICE Preferred Securities ETF $PSK

Midwest Trust Co lowered its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 136,052 shares of the company’s stock after selling 19,941 shares during the period. Midwest Trust Co owned about 0.57% of SPDR ICE Preferred Securities ETF worth $4,311,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Greenberg Financial Group acquired a new position in SPDR ICE Preferred Securities ETF during the 4th quarter worth about $675,000. Sage Advisory Services Ltd.Co. increased its stake in shares of SPDR ICE Preferred Securities ETF by 9.3% in the third quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock valued at $11,986,000 after buying an additional 30,963 shares during the period. Checchi Capital Advisers LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at about $6,012,000. Elevation Capital Advisory LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the third quarter worth about $2,503,000. Finally, Breachway Investments LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth about $751,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK stock opened at $31.49 on Monday. The business’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $31.94. SPDR ICE Preferred Securities ETF has a one year low of $30.70 and a one year high of $33.77.

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.