ST Germain D J Co. Inc. Has $7.70 Million Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

ST Germain D J Co. Inc. lifted its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 81.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 233,536 shares of the company’s stock after purchasing an additional 104,560 shares during the quarter. ST Germain D J Co. Inc.’s holdings in SPDR ICE Preferred Securities ETF were worth $7,704,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its stake in shares of SPDR ICE Preferred Securities ETF by 10.6% in the third quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock worth $13,126,000 after acquiring an additional 35,267 shares during the period. Raymond James & Associates boosted its stake in shares of SPDR ICE Preferred Securities ETF by 62.6% in the 3rd quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock valued at $6,823,000 after purchasing an additional 73,689 shares during the last quarter. Financial Advocates Investment Management increased its position in shares of SPDR ICE Preferred Securities ETF by 46.5% during the third quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock worth $548,000 after buying an additional 4,875 shares during the period. SK Wealth Management LLC bought a new position in SPDR ICE Preferred Securities ETF during the third quarter worth $1,217,000. Finally, Prospera Financial Services Inc boosted its position in SPDR ICE Preferred Securities ETF by 1,293.2% during the third quarter. Prospera Financial Services Inc now owns 87,090 shares of the company’s stock valued at $3,105,000 after acquiring an additional 80,839 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK stock traded down $0.23 during mid-day trading on Friday, hitting $32.82. The company’s stock had a trading volume of 83,530 shares, compared to its average volume of 180,738. SPDR ICE Preferred Securities ETF has a 52 week low of $32.68 and a 52 week high of $36.06. The company’s fifty day simple moving average is $34.00 and its 200-day simple moving average is $34.50.

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.