SPDR ICE Preferred Securities ETF $PSK Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 19.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 853,020 shares of the company’s stock after selling 210,097 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR ICE Preferred Securities ETF were worth $26,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSK. UBS Group AG lifted its holdings in SPDR ICE Preferred Securities ETF by 142.9% during the 4th quarter. UBS Group AG now owns 650,656 shares of the company’s stock worth $20,619,000 after buying an additional 382,777 shares during the last quarter. Checchi Capital Advisers LLC purchased a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $6,012,000. Zacks Investment Management purchased a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $5,187,000. Ameritas Advisory Services LLC raised its holdings in SPDR ICE Preferred Securities ETF by 63,308.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 60,238 shares of the company’s stock worth $1,909,000 after purchasing an additional 60,143 shares in the last quarter. Finally, RFG Advisory LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $988,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $30.26 on Tuesday. SPDR ICE Preferred Securities ETF has a twelve month low of $30.15 and a twelve month high of $33.77. The firm has a 50 day simple moving average of $30.63 and a 200-day simple moving average of $31.36.

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.