SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Reaches New 1-Year Low – What’s Next?

Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $30.43 and last traded at $30.43, with a volume of 55508 shares traded. The stock had previously closed at $30.54.

SPDR ICE Preferred Securities ETF Stock Down 0.4%

The stock has a 50-day simple moving average of $31.09 and a 200 day simple moving average of $31.58.

Institutional Trading of SPDR ICE Preferred Securities ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Greenberg Financial Group acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at about $675,000. UBS Group AG lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 142.9% in the 4th quarter. UBS Group AG now owns 650,656 shares of the company’s stock worth $20,619,000 after acquiring an additional 382,777 shares during the last quarter. Checchi Capital Advisers LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth approximately $6,012,000. RFG Advisory LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $988,000. Finally, Breachway Investments LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $751,000.

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.