SPDR ICE Preferred Securities ETF $PSK Shares Sold by Midwest Trust Co

Midwest Trust Co trimmed its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 18.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 110,928 shares of the company’s stock after selling 25,124 shares during the quarter. Midwest Trust Co’s holdings in SPDR ICE Preferred Securities ETF were worth $3,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in SPDR ICE Preferred Securities ETF by 274.9% in the 1st quarter. Jones Financial Companies Lllp now owns 32,800 shares of the company’s stock worth $987,000 after buying an additional 24,052 shares during the last quarter. Franklin Resources Inc. purchased a new stake in SPDR ICE Preferred Securities ETF during the 2nd quarter worth approximately $143,000. Betterment LLC raised its holdings in shares of SPDR ICE Preferred Securities ETF by 3.2% during the second quarter. Betterment LLC now owns 24,739 shares of the company’s stock valued at $786,000 after acquiring an additional 773 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of SPDR ICE Preferred Securities ETF by 7.5% during the second quarter. Raymond James Financial Inc. now owns 305,707 shares of the company’s stock valued at $9,709,000 after acquiring an additional 21,450 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 84,149 shares of the company’s stock valued at $2,673,000 after acquiring an additional 6,463 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

NYSEARCA PSK opened at $30.39 on Tuesday. The stock’s 50 day simple moving average is $30.82 and its 200-day simple moving average is $31.46. SPDR ICE Preferred Securities ETF has a 1-year low of $30.33 and a 1-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.