Synovus Financial Corp Trims Stock Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Synovus Financial Corp decreased its holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 51.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,622 shares of the company’s stock after selling 21,977 shares during the quarter. Synovus Financial Corp’s holdings in SPDR ICE Preferred Securities ETF were worth $680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. World Investment Advisors LLC increased its position in SPDR ICE Preferred Securities ETF by 7.6% during the third quarter. World Investment Advisors LLC now owns 25,606 shares of the company’s stock worth $913,000 after purchasing an additional 1,801 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SPDR ICE Preferred Securities ETF by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock valued at $2,287,000 after buying an additional 882 shares during the period. SK Wealth Management LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter valued at $1,217,000. ST Germain D J Co. Inc. increased its holdings in shares of SPDR ICE Preferred Securities ETF by 81.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 233,536 shares of the company’s stock worth $7,704,000 after buying an additional 104,560 shares during the last quarter. Finally, Matrix Trust Co raised its position in shares of SPDR ICE Preferred Securities ETF by 759.2% in the 4th quarter. Matrix Trust Co now owns 16,333 shares of the company’s stock worth $539,000 after buying an additional 14,432 shares during the period.

SPDR ICE Preferred Securities ETF Trading Up 0.2 %

Shares of SPDR ICE Preferred Securities ETF stock opened at $31.23 on Thursday. The business’s fifty day moving average price is $32.75 and its 200 day moving average price is $33.71. SPDR ICE Preferred Securities ETF has a twelve month low of $30.85 and a twelve month 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.