SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Strong Trading Volume – What’s Next?

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw unusually-high trading volume on Friday . Approximately 227,025 shares changed hands during trading, an increase of 71% from the previous session’s volume of 132,460 shares.The stock last traded at $32.86 and had previously closed at $32.91.

SPDR ICE Preferred Securities ETF Stock Performance

The stock’s 50-day moving average is $34.34 and its 200-day moving average is $34.53.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

A number of institutional investors have recently modified their holdings of PSK. Larson Financial Group LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter worth about $31,000. Matrix Trust Co purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter worth approximately $68,000. International Assets Investment Management LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the second quarter valued at approximately $117,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SPDR ICE Preferred Securities ETF by 98.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock valued at $159,000 after buying an additional 2,203 shares during the last quarter. Finally, Clear Creek Financial Management LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the third quarter valued at approximately $232,000.

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.