Crews Bank & Trust Acquires New Holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Crews Bank & Trust bought a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 290,655 shares of the company’s stock, valued at approximately $9,589,000. SPDR ICE Preferred Securities ETF comprises about 1.6% of Crews Bank & Trust’s holdings, making the stock its 14th biggest position. Crews Bank & Trust owned approximately 1.25% of SPDR ICE Preferred Securities ETF as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Twelve Points Wealth Management LLC grew its position in SPDR ICE Preferred Securities ETF by 48.2% during the 4th quarter. Twelve Points Wealth Management LLC now owns 123,527 shares of the company’s stock worth $4,075,000 after acquiring an additional 40,167 shares during the last quarter. Fulton Breakefield Broenniman LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth about $1,180,000. Mayflower Financial Advisors LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $260,000. Nilsine Partners LLC raised its holdings in SPDR ICE Preferred Securities ETF by 12.5% in the 4th quarter. Nilsine Partners LLC now owns 65,628 shares of the company’s stock valued at $2,165,000 after buying an additional 7,279 shares during the last quarter. Finally, PFG Investments LLC boosted its position in SPDR ICE Preferred Securities ETF by 8.8% during the 4th quarter. PFG Investments LLC now owns 13,830 shares of the company’s stock worth $456,000 after buying an additional 1,115 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA PSK opened at $33.52 on Thursday. The firm has a 50 day moving average price of $33.62 and a two-hundred day moving average price of $34.44. 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.