MML Investors Services LLC Has $716,000 Position in SPDR Wells Fargo Preferred Stock ETF (PSK)

MML Investors Services LLC lifted its position in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,785 shares of the company’s stock after buying an additional 3,443 shares during the quarter. MML Investors Services LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $716,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PSK. Ruggie Capital Group acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 2nd quarter valued at $152,000. Massmutual Trust Co. FSB ADV lifted its holdings in SPDR Wells Fargo Preferred Stock ETF by 56.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,515 shares of the company’s stock valued at $153,000 after purchasing an additional 1,265 shares during the last quarter. Truvestments Capital LLC acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 3rd quarter valued at $186,000. Centaurus Financial Inc. lifted its holdings in SPDR Wells Fargo Preferred Stock ETF by 94.3% during the 2nd quarter. Centaurus Financial Inc. now owns 4,896 shares of the company’s stock valued at $213,000 after purchasing an additional 2,376 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the 3rd quarter valued at $220,000.

Shares of SPDR Wells Fargo Preferred Stock ETF stock opened at $40.34 on Friday. SPDR Wells Fargo Preferred Stock ETF has a 1 year low of $40.30 and a 1 year high of $45.19.

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were issued a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend was Thursday, November 1st.

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About SPDR Wells Fargo Preferred Stock 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.

Read More: Understanding Compound Annual Growth Rate (CAGR)

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 Preferred Stock ETF (NYSEARCA:PSK).

Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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