Sound Income Strategies LLC Acquires 6,684 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Sound Income Strategies LLC increased its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,643 shares of the company’s stock after acquiring an additional 6,684 shares during the quarter. Sound Income Strategies LLC owned about 0.67% of SPDR ICE Preferred Securities ETF worth $5,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter worth about $31,000. Matrix Trust Co bought a new stake in shares of SPDR ICE Preferred Securities ETF during the third quarter worth $68,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR ICE Preferred Securities ETF by 98.0% in the 3rd 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 period. Clear Creek Financial Management LLC bought a new position in SPDR ICE Preferred Securities ETF in the third quarter worth approximately $232,000. Finally, RFG Advisory LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth $221,000.

SPDR ICE Preferred Securities ETF Price Performance

Shares of PSK stock opened at $33.57 on Friday. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-week high of $36.06. The company’s 50 day moving average is $33.69 and its 200 day moving average is $34.45.

SPDR ICE Preferred Securities ETF 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.