SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Reaches New 1-Year Low – What’s Next?

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $32.12 and last traded at $32.15, with a volume of 127207 shares traded. The stock had previously closed at $32.21.

SPDR ICE Preferred Securities ETF Stock Down 0.1 %

The business has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $34.07.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Several hedge funds have recently modified their holdings of the stock. Topsail Wealth Management LLC acquired a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at $31,000. Rialto Wealth Management LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $36,000. Independent Advisor Alliance purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth about $219,000. Harvest Investment Services LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $221,000. Finally, RFG Advisory LLC purchased a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $221,000.

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.