SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Hits New 52-Week High at $36.06

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares hit a new 52-week high on Thursday . The company traded as high as $36.06 and last traded at $36.00, with a volume of 4849 shares trading hands. The stock had previously closed at $35.87.

SPDR ICE Preferred Securities ETF Stock Performance

The business’s 50 day moving average price is $34.74 and its two-hundred day moving average price is $34.26.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Hedge funds have recently bought and sold shares of the business. SignalPoint Asset Management LLC bought a new stake in SPDR ICE Preferred Securities ETF during the first quarter worth about $222,000. GLOBALT Investments LLC GA bought a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth about $727,000. UBS Group AG lifted its stake in shares of 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 buying an additional 90,732 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of SPDR ICE Preferred Securities ETF by 10.2% in the first quarter. Sound Income Strategies LLC now owns 132,831 shares of the company’s stock worth $4,632,000 after buying an additional 12,265 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of SPDR ICE Preferred Securities ETF in the first quarter worth approximately $583,000.

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.