TD Capital Management LLC Trims Stock Holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

TD Capital Management LLC reduced its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 14.0% during the 4th quarter, Holdings Channel reports. The fund owned 9,077 shares of the company’s stock after selling 1,478 shares during the period. TD Capital Management LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PSK. Mirae Asset Global Investments Co. Ltd. acquired a new position in SPDR ICE Preferred Securities ETF in the third quarter valued at $1,291,000. Financial Advocates Investment Management increased its stake in SPDR ICE Preferred Securities ETF by 46.5% in the third quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock valued at $548,000 after purchasing an additional 4,875 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in SPDR ICE Preferred Securities ETF in the third quarter valued at $232,000. Crestwood Advisors Group LLC increased its stake in SPDR ICE Preferred Securities ETF by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 22,821 shares of the company’s stock valued at $814,000 after purchasing an additional 417 shares during the last quarter. Finally, Falcon Wealth Planning increased its stake in SPDR ICE Preferred Securities ETF by 87.2% during the third quarter. Falcon Wealth Planning now owns 15,087 shares of the company’s stock worth $538,000 after acquiring an additional 7,029 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $33.57 on Friday. The business has a 50-day moving average of $33.31 and a two-hundred day moving average of $34.35. SPDR ICE Preferred Securities ETF has a 12 month low of $32.30 and a 12 month high of $36.06.

About SPDR ICE Preferred Securities ETF

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.