Sage Advisory Services Ltd.Co. Has $5.96 Million Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Sage Advisory Services Ltd.Co. decreased its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,526 shares of the company’s stock after selling 14,356 shares during the quarter. SPDR ICE Preferred Securities ETF accounts for approximately 3.5% of Sage Advisory Services Ltd.Co.’s holdings, making the stock its 11th largest holding. Sage Advisory Services Ltd.Co.’s holdings in SPDR ICE Preferred Securities ETF were worth $5,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PSK. Raymond James & Associates raised its stake in shares of SPDR ICE Preferred Securities ETF by 62.6% in the 3rd quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock valued at $6,823,000 after purchasing an additional 73,689 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at about $1,291,000. Financial Advocates Investment Management increased its position in shares of SPDR ICE Preferred Securities ETF by 46.5% in the third quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock valued at $548,000 after acquiring an additional 4,875 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of SPDR ICE Preferred Securities ETF by 9.5% in the third quarter. Rosenberg Matthew Hamilton now owns 51,623 shares of the company’s stock valued at $1,841,000 after acquiring an additional 4,479 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at about $232,000.

SPDR ICE Preferred Securities ETF Stock Down 0.2 %

NYSEARCA:PSK opened at $33.53 on Friday. The stock’s 50-day simple moving average is $33.31 and its 200 day simple moving average is $34.35. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-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.