Alexander Labrunerie & CO. Inc. Sells 849 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Alexander Labrunerie & CO. Inc. trimmed its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,378 shares of the company’s stock after selling 849 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in SPDR ICE Preferred Securities ETF were worth $887,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PSK. Raymond James Financial Inc. acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth $7,704,000. Independent Advisor Alliance bought a new position in shares of SPDR ICE Preferred Securities ETF in the fourth quarter worth $219,000. HighTower Advisors LLC grew its position in SPDR ICE Preferred Securities ETF by 19.5% in the fourth quarter. HighTower Advisors LLC now owns 8,757 shares of the company’s stock valued at $289,000 after acquiring an additional 1,432 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in SPDR ICE Preferred Securities ETF by 4.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 26,413 shares of the company’s stock valued at $871,000 after acquiring an additional 1,155 shares during the last quarter. Finally, World Investment Advisors grew its position in SPDR ICE Preferred Securities ETF by 8.4% in the fourth quarter. World Investment Advisors now owns 27,763 shares of the company’s stock valued at $916,000 after acquiring an additional 2,157 shares during the last quarter.

SPDR ICE Preferred Securities ETF Trading Up 0.4%

SPDR ICE Preferred Securities ETF stock opened at $32.05 on Friday. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $36.06. The business’s 50-day moving average price is $31.69 and its two-hundred day moving average price is $32.37.

SPDR ICE Preferred Securities ETF 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.