Rialto Wealth Management LLC Acquires New Shares in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Rialto Wealth Management LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the fourth quarter, Holdings Channel reports. The fund bought 1,087 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PSK. Private Advisor Group LLC boosted its position in shares of SPDR ICE Preferred Securities ETF by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 61,297 shares of the company’s stock valued at $2,022,000 after acquiring an additional 453 shares during the period. Larson Financial Group LLC bought a new position in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at $31,000. JPMorgan Chase & Co. grew its position 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 purchasing an additional 882 shares in the last quarter. NewSquare Capital LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF by 0.4% in the fourth quarter. NewSquare Capital LLC now owns 228,226 shares of the company’s stock worth $7,529,000 after purchasing an additional 925 shares during the period. Finally, PFG Investments LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 8.8% in the fourth quarter. PFG Investments LLC now owns 13,830 shares of the company’s stock worth $456,000 after buying an additional 1,115 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

SPDR ICE Preferred Securities ETF stock opened at $32.90 on Monday. The business has a 50-day simple moving average of $33.34 and a 200 day simple moving average of $34.30. 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.