SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Reaches New 1-Year Low – Here’s Why

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $29.32 and last traded at $29.3530, with a volume of 76703 shares changing hands. The stock had previously closed at $29.35.

SPDR ICE Preferred Securities ETF Price Performance

The stock’s 50-day moving average price is $30.06 and its 200-day moving average price is $30.84.

Institutional Trading of SPDR ICE Preferred Securities ETF

A number of institutional investors have recently bought and sold shares of PSK. IFP Advisors Inc grew its holdings in SPDR ICE Preferred Securities ETF by 568.7% during the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after acquiring an additional 2,218 shares during the period. WFA of San Diego LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter valued at about $84,000. International Assets Investment Management LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $133,000. Franklin Resources Inc. acquired a new stake in SPDR ICE Preferred Securities ETF during the second quarter worth approximately $143,000. Finally, von Borstel & Associates Inc. acquired a new stake in SPDR ICE Preferred Securities ETF during the third quarter worth approximately $210,000.

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.