Clarus Wealth Advisors Buys New Shares in SPDR ICE Preferred Securities ETF $PSK

Clarus Wealth Advisors bought a new position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 23,981 shares of the company’s stock, valued at approximately $732,000.

Other hedge funds have also added to or reduced their stakes in the company. Equitable Holdings Inc. lifted its stake in SPDR ICE Preferred Securities ETF by 4.0% in the third quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock worth $285,000 after purchasing an additional 332 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of SPDR ICE Preferred Securities ETF by 1.4% during the first quarter. NewEdge Advisors LLC now owns 25,790 shares of the company’s stock valued at $795,000 after buying an additional 359 shares during the last quarter. Wealthspire Retirement LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF by 1.0% in the first quarter. Wealthspire Retirement LLC now owns 40,453 shares of the company’s stock worth $1,248,000 after buying an additional 405 shares during the period. Comerica Bank increased its holdings in shares of SPDR ICE Preferred Securities ETF by 3.8% in the fourth quarter. Comerica Bank now owns 13,013 shares of the company’s stock worth $412,000 after buying an additional 482 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF by 1,001.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock worth $25,000 after buying an additional 701 shares during the period.

SPDR ICE Preferred Securities ETF Price Performance

NYSEARCA PSK opened at $29.40 on Wednesday. SPDR ICE Preferred Securities ETF has a 1-year low of $29.33 and a 1-year high of $33.77. The stock has a 50-day moving average of $30.15 and a 200-day moving average of $30.93.

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.