SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Large Volume Increase – Here’s What Happened

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw unusually-strong trading volume on Friday . Approximately 285,817 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 176,080 shares.The stock last traded at $33.09 and had previously closed at $33.14.

SPDR ICE Preferred Securities ETF Stock Down 0.7 %

The company has a fifty day moving average price of $33.34 and a two-hundred day moving average price of $34.31.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several institutional investors have recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 61,297 shares of the company’s stock valued at $2,022,000 after buying an additional 453 shares during the period. Mariner LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 0.6% during the fourth quarter. Mariner LLC now owns 83,132 shares of the company’s stock worth $2,743,000 after purchasing an additional 517 shares during the period. Larson Financial Group LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the third quarter worth $31,000. JPMorgan Chase & Co. raised its position in shares of SPDR ICE Preferred Securities ETF by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock worth $2,287,000 after purchasing an additional 882 shares during the period. Finally, NewSquare Capital LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 0.4% during the fourth quarter. NewSquare Capital LLC now owns 228,226 shares of the company’s stock worth $7,529,000 after purchasing an additional 925 shares during the period.

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.