Global Financial Private Capital LLC Has $1.77 Million Position in SPDR Wells Fargo Preferred Stock ETF (PSK)

Global Financial Private Capital LLC decreased its holdings in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 25.7% in the fourth quarter, Holdings Channel reports. The fund owned 44,844 shares of the company’s stock after selling 15,508 shares during the quarter. Global Financial Private Capital LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $1,774,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Evanson Asset Management LLC lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 2.4% in the 4th quarter. Evanson Asset Management LLC now owns 17,632 shares of the company’s stock valued at $698,000 after acquiring an additional 416 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of SPDR Wells Fargo Preferred Stock ETF in the 4th quarter valued at about $43,000. IFP Advisors Inc lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 43.4% in the 4th quarter. IFP Advisors Inc now owns 3,816 shares of the company’s stock valued at $150,000 after acquiring an additional 1,154 shares during the last quarter. Rainey & Randall Investment Management Inc. lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 18.2% in the 4th quarter. Rainey & Randall Investment Management Inc. now owns 11,785 shares of the company’s stock valued at $466,000 after acquiring an additional 1,817 shares during the last quarter. Finally, SignalPoint Asset Management LLC lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 15.4% in the 4th quarter. SignalPoint Asset Management LLC now owns 13,797 shares of the company’s stock valued at $546,000 after acquiring an additional 1,838 shares during the last quarter.

Shares of NYSEARCA:PSK opened at $41.90 on Wednesday. SPDR Wells Fargo Preferred Stock ETF has a 12 month low of $38.53 and a 12 month high of $43.90.

The firm also recently declared a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were issued a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend was Friday, February 1st.

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SPDR Wells Fargo Preferred Stock 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.

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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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