D.A. Davidson & CO. Invests $336,000 in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

D.A. Davidson & CO. bought a new stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,190 shares of the company’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atlas Private Wealth Advisors increased its position in SPDR ICE Preferred Securities ETF by 3.2% in the fourth quarter. Atlas Private Wealth Advisors now owns 461,256 shares of the company’s stock worth $15,217,000 after buying an additional 14,090 shares in the last quarter. Park Avenue Securities LLC raised its stake in SPDR ICE Preferred Securities ETF by 13.3% during the 4th quarter. Park Avenue Securities LLC now owns 417,139 shares of the company’s stock worth $13,761,000 after acquiring an additional 49,045 shares during the period. Crews Bank & Trust purchased a new position in SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $9,589,000. ST Germain D J Co. Inc. boosted its position in shares of SPDR ICE Preferred Securities ETF by 81.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 233,536 shares of the company’s stock worth $7,704,000 after purchasing an additional 104,560 shares during the period. Finally, Raymond James & Associates boosted its position in shares of SPDR ICE Preferred Securities ETF by 62.6% in the third quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock worth $6,823,000 after purchasing an additional 73,689 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK stock opened at $33.61 on Thursday. SPDR ICE Preferred Securities ETF has a one year low of $32.30 and a one year high of $36.06. The company’s fifty day moving average price is $33.31 and its 200-day moving average price is $34.35.

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.