SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sets New 52-Week High at $35.89

Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) hit a new 52-week high on Wednesday . The stock traded as high as $35.89 and last traded at $35.83, with a volume of 183187 shares trading hands. The stock had previously closed at $35.82.

SPDR ICE Preferred Securities ETF Stock Down 0.2 %

The stock has a fifty day moving average price of $34.48 and a 200-day moving average price of $34.19.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG lifted its position in SPDR ICE Preferred Securities ETF by 56.8% in the fourth quarter. UBS Group AG now owns 250,393 shares of the company’s stock valued at $8,393,000 after purchasing an additional 90,732 shares during the period. Wells Fargo & Company MN raised its stake in shares of SPDR ICE Preferred Securities ETF by 5.2% during the 4th quarter. Wells Fargo & Company MN now owns 801,282 shares of the company’s stock worth $26,859,000 after buying an additional 39,944 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at approximately $406,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $72,000. Finally, GLOBALT Investments LLC GA purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $727,000.

SPDR ICE Preferred Securities ETF Company 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.