NewSquare Capital LLC Has $9.35 Million Holdings in SPDR Wells Fargo Preferred Stock ETF (PSK)

NewSquare Capital LLC grew its position in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,315 shares of the company’s stock after purchasing an additional 20,155 shares during the quarter. SPDR Wells Fargo Preferred Stock ETF comprises approximately 1.8% of NewSquare Capital LLC’s investment portfolio, making the stock its 19th biggest holding. NewSquare Capital LLC owned about 1.43% of SPDR Wells Fargo Preferred Stock ETF worth $9,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new stake in shares of SPDR Wells Fargo Preferred Stock ETF during the second quarter valued at $15,202,000. Chessman Wealth Strategies RIA purchased a new stake in shares of SPDR Wells Fargo Preferred Stock ETF during the third quarter valued at $10,313,000. Millennium Management LLC grew its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 244.9% during the second quarter. Millennium Management LLC now owns 94,156 shares of the company’s stock valued at $4,093,000 after buying an additional 66,856 shares during the last quarter. Stonehearth Capital Management LLC purchased a new stake in shares of SPDR Wells Fargo Preferred Stock ETF during the second quarter valued at $1,734,000. Finally, Transamerica Financial Advisors Inc. grew its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 12,710.8% during the second quarter. Transamerica Financial Advisors Inc. now owns 32,155 shares of the company’s stock valued at $1,398,000 after buying an additional 31,904 shares during the last quarter.

Shares of PSK traded up $0.10 during trading hours on Friday, reaching $41.42. 2,510 shares of the company traded hands, compared to its average volume of 100,046. SPDR Wells Fargo Preferred Stock ETF has a 12-month low of $40.94 and a 12-month high of $45.19.

The business also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were issued a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date was Monday, October 1st.

About SPDR Wells Fargo Preferred Stock ETF

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: Return on Investment (ROI)

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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