SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Unusually-High Trading Volume

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw unusually-strong trading volume on Tuesday . Approximately 46,255 shares traded hands during mid-day trading, a decline of 61% from the previous session’s volume of 120,051 shares.The stock last traded at $33.65 and had previously closed at $33.58.

SPDR ICE Preferred Securities ETF Stock Performance

The firm has a 50 day moving average price of $33.71 and a two-hundred day moving average price of $34.10.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several large investors have recently modified their holdings of PSK. Atlas Private Wealth Advisors acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at about $7,327,000. Allworth Financial LP grew its stake in shares of SPDR ICE Preferred Securities ETF by 296.8% during the fourth quarter. Allworth Financial LP now owns 172,868 shares of the company’s stock valued at $5,795,000 after acquiring an additional 129,307 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at about $3,215,000. UBS Group AG grew its stake in SPDR ICE Preferred Securities ETF by 56.8% in the fourth quarter. UBS Group AG now owns 250,393 shares of the company’s stock worth $8,393,000 after purchasing an additional 90,732 shares in the last quarter. Finally, RFG Advisory LLC acquired a new position in SPDR ICE Preferred Securities ETF in the fourth quarter worth about $3,024,000.

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.