SWS Partners Sells 2,027 Shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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SWS Partners decreased its position in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 5.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,506 shares of the company’s stock after selling 2,027 shares during the period. SWS Partners owned about 0.14% of SPDR Wells Fargo Preferred Stock ETF worth $1,469,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PSK. Mackenzie Financial Corp boosted its stake in shares of SPDR Wells Fargo Preferred Stock ETF by 65.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,352,418 shares of the company’s stock valued at $58,438,000 after buying an additional 533,486 shares during the period. Morgan Stanley raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 160.4% during the 2nd quarter. Morgan Stanley now owns 494,280 shares of the company’s stock valued at $21,357,000 after purchasing an additional 304,480 shares in the last quarter. Allworth Financial LP raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 2.4% during the 3rd quarter. Allworth Financial LP now owns 488,013 shares of the company’s stock valued at $21,551,000 after purchasing an additional 11,637 shares in the last quarter. Hanson McClain Inc. raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 5.5% during the 2nd quarter. Hanson McClain Inc. now owns 476,376 shares of the company’s stock valued at $20,584,000 after purchasing an additional 24,986 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 14.2% during the 3rd quarter. CWM LLC now owns 357,161 shares of the company’s stock valued at $15,772,000 after purchasing an additional 44,432 shares in the last quarter.

Shares of SPDR Wells Fargo Preferred Stock ETF stock traded up $0.01 during midday trading on Wednesday, reaching $43.24. 143,500 shares of the company’s stock traded hands, compared to its average volume of 141,146. The company’s 50 day simple moving average is $43.90 and its 200 day simple moving average is $43.64. SPDR Wells Fargo Preferred Stock ETF has a 52 week low of $38.53 and a 52 week high of $44.40.

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.

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

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