Stonehearth Capital Management LLC Has $1.32 Million Stock Holdings in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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Stonehearth Capital Management LLC raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,614 shares of the company’s stock after purchasing an additional 1,884 shares during the quarter. SPDR Wells Fargo Preferred Stock ETF makes up 1.0% of Stonehearth Capital Management LLC’s holdings, making the stock its 15th biggest position. Stonehearth Capital Management LLC owned about 0.16% of SPDR Wells Fargo Preferred Stock ETF worth $1,323,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PSK. Princeton Global Asset Management LLC acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 4th quarter valued at $32,000. Investors Research Corp acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 2nd quarter valued at $37,000. Cetera Advisors LLC acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 1st quarter valued at $53,000. Advisors Preferred LLC acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 1st quarter valued at $60,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 1st quarter valued at $64,000.

SPDR Wells Fargo Preferred Stock ETF stock opened at $43.85 on Thursday. SPDR Wells Fargo Preferred Stock ETF has a 12-month low of $38.53 and a 12-month high of $43.85. The company has a 50-day simple moving average of $43.25.

A number of research firms have recently weighed in on PSK. GMP Securities reissued a “buy” rating and set a $22.00 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Wednesday. Raymond James reissued a “hold” rating on shares of PrairieSky Royalty in a report on Friday, May 24th.

SPDR Wells Fargo Preferred Stock ETF 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.

Read More: Asset Allocation Models, Which is Right For You?

Want to see what other hedge funds are holding PSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK).

Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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