Bank of New York Mellon Corp Sells 5,480 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Bank of New York Mellon Corp lessened its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,046,739 shares of the company’s stock after selling 5,480 shares during the period. Bank of New York Mellon Corp owned about 4.50% of SPDR ICE Preferred Securities ETF worth $34,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in SPDR ICE Preferred Securities ETF by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock worth $2,287,000 after buying an additional 882 shares in the last quarter. SK Wealth Management LLC bought a new position in SPDR ICE Preferred Securities ETF in the third quarter worth approximately $1,217,000. XML Financial LLC raised its stake in SPDR ICE Preferred Securities ETF by 25.4% in the fourth quarter. XML Financial LLC now owns 32,641 shares of the company’s stock worth $1,077,000 after buying an additional 6,602 shares in the last quarter. Prospera Financial Services Inc raised its stake in SPDR ICE Preferred Securities ETF by 1,293.2% in the third quarter. Prospera Financial Services Inc now owns 87,090 shares of the company’s stock worth $3,105,000 after buying an additional 80,839 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in SPDR ICE Preferred Securities ETF in the third quarter worth approximately $520,000.

SPDR ICE Preferred Securities ETF Stock Down 0.7 %

Shares of PSK stock opened at $32.90 on Friday. The business’s fifty day simple moving average is $33.34 and its 200-day simple moving average is $34.32. SPDR ICE Preferred Securities ETF has a 12-month low of $32.30 and a 12-month high of $36.06.

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.