SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Holdings Lifted by Global Financial Private Capital LLC

Global Financial Private Capital LLC boosted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,935 shares of the company’s stock after buying an additional 4,549 shares during the quarter. Global Financial Private Capital LLC owned 0.45% of SPDR Wells Fargo Preferred Stock ETF worth $2,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Windsor Capital Management LLC increased its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 13.0% during the 2nd quarter. Windsor Capital Management LLC now owns 30,767 shares of the company’s stock valued at $1,337,000 after purchasing an additional 3,528 shares in the last quarter. First Trust Advisors LP purchased a new stake in SPDR Wells Fargo Preferred Stock ETF in the 2nd quarter worth $987,000. CWM LLC increased its holdings in SPDR Wells Fargo Preferred Stock ETF by 32.0% in the 2nd quarter. CWM LLC now owns 74,071 shares of the company’s stock worth $3,220,000 after acquiring an additional 17,939 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in SPDR Wells Fargo Preferred Stock ETF in the 2nd quarter worth $490,000. Finally, Coastline Trust Co increased its holdings in SPDR Wells Fargo Preferred Stock ETF by 131.9% in the 2nd quarter. Coastline Trust Co now owns 14,900 shares of the company’s stock worth $648,000 after acquiring an additional 8,475 shares in the last quarter.

NYSEARCA PSK traded up $0.05 on Friday, hitting $43.55. The company had a trading volume of 41,646 shares, compared to its average volume of 95,983. SPDR Wells Fargo Preferred Stock ETF has a 12-month low of $41.81 and a 12-month high of $45.42.

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 7th. Shareholders of record on Thursday, August 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 1st. This represents a $2.40 annualized dividend and a yield of 5.51%.

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.

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

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