Tradewinds Capital Management LLC Sells 23,436 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Tradewinds Capital Management LLC lessened its holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 308,831 shares of the company’s stock after selling 23,436 shares during the period. SPDR ICE Preferred Securities ETF makes up about 2.7% of Tradewinds Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Tradewinds Capital Management LLC owned about 1.33% of SPDR ICE Preferred Securities ETF worth $10,188,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter valued at about $31,000. RFG Advisory LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $221,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of SPDR ICE Preferred Securities ETF by 56.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,982 shares of the company’s stock valued at $230,000 after purchasing an additional 2,532 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter worth approximately $232,000. Finally, Mayflower Financial Advisors LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at approximately $260,000.

SPDR ICE Preferred Securities ETF Stock Performance

NYSEARCA:PSK opened at $33.37 on Friday. The stock’s fifty day moving average is $33.31 and its 200 day moving average is $34.36. SPDR ICE Preferred Securities ETF has a fifty-two week low of $32.30 and a fifty-two week high of $36.06.

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.