Wells Fargo & Company MN Raises Position in SPDR Wells Fargo Prfd Stk ETF (PSK)

Wells Fargo & Company MN increased its stake in shares of SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,383 shares of the company’s stock after buying an additional 7,380 shares during the period. Wells Fargo & Company MN’s holdings in SPDR Wells Fargo Prfd Stk ETF were worth $3,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 17.3% during the 3rd quarter. First Trust Advisors LP now owns 12,178 shares of the company’s stock worth $544,000 after purchasing an additional 1,793 shares during the last quarter. Tompkins Financial Corp raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 55.1% during the 3rd quarter. Tompkins Financial Corp now owns 13,880 shares of the company’s stock worth $620,000 after purchasing an additional 4,930 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 18.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,322 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,576 shares during the last quarter. NewSquare Capital LLC raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 1.4% during the 3rd quarter. NewSquare Capital LLC now owns 194,018 shares of the company’s stock worth $8,445,000 after purchasing an additional 2,656 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. raised its holdings in SPDR Wells Fargo Prfd Stk ETF by 19.0% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 1,085,414 shares of the company’s stock worth $48,518,000 after purchasing an additional 173,300 shares during the last quarter.

Separately, Scotiabank reissued a “hold” rating and set a $35.00 price objective on shares of SPDR Wells Fargo Prfd Stk ETF in a report on Tuesday, October 10th.

Shares of SPDR Wells Fargo Prfd Stk ETF (PSK) opened at $43.80 on Friday. SPDR Wells Fargo Prfd Stk ETF has a twelve month low of $42.56 and a twelve month high of $45.44.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were issued a dividend of $0.6846 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $2.74 annualized dividend and a yield of 6.25%.

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SPDR Wells Fargo Prfd Stk 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.

Want to see what other hedge funds are holding PSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK).

Institutional Ownership by Quarter for SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK)

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