SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Shares Bought by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC grew its holdings in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 83.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,832 shares of the company’s stock after purchasing an additional 19,465 shares during the period. SPDR Wells Fargo Preferred Stock ETF accounts for 1.2% of Measured Wealth Private Client Group LLC’s portfolio, making the stock its 17th biggest position. Measured Wealth Private Client Group LLC owned approximately 0.20% of SPDR Wells Fargo Preferred Stock ETF worth $1,891,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Buffington Mohr McNeal raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 54.3% during the third quarter. Buffington Mohr McNeal now owns 15,498 shares of the company’s stock worth $684,000 after purchasing an additional 5,455 shares during the period. Allworth Financial LP raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 2.4% during the third quarter. Allworth Financial LP now owns 488,013 shares of the company’s stock worth $21,551,000 after purchasing an additional 11,637 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of SPDR Wells Fargo Preferred Stock ETF during the third quarter worth $31,000. Atria Investments LLC acquired a new stake in shares of SPDR Wells Fargo Preferred Stock ETF during the second quarter worth $191,000. Finally, Financial Insights Inc. raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 33.6% during the second quarter. Financial Insights Inc. now owns 6,486 shares of the company’s stock worth $283,000 after purchasing an additional 1,632 shares during the period.

Separately, GMP Securities reissued a “buy” rating and set a $22.00 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Wednesday, July 24th.

PSK traded down $0.01 on Friday, reaching $44.05. The company had a trading volume of 100 shares, compared to its average volume of 137,431. The company has a fifty day moving average of $43.99 and a 200-day moving average of $43.31. SPDR Wells Fargo Preferred Stock ETF has a one year low of $38.53 and a one year high of $44.27.

SPDR Wells Fargo Preferred Stock 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.

Read More: What is the Difference Between Common Shares and Convertible Shares?

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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