Aspire Private Capital LLC Buys New Stake in SPDR Wells Fargo Preferred Stock ETF (PSK)

Aspire Private Capital LLC acquired a new stake in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,329 shares of the company’s stock, valued at approximately $329,000. Aspire Private Capital LLC owned approximately 0.05% of SPDR Wells Fargo Preferred Stock ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Intercontinental Wealth Advisors LLC bought a new stake in shares of SPDR Wells Fargo Preferred Stock ETF during the fourth quarter worth approximately $43,000. Destination Wealth Management raised its position in shares of SPDR Wells Fargo Preferred Stock ETF by 325.3% in the fourth quarter. Destination Wealth Management now owns 2,922 shares of the company’s stock valued at $116,000 after buying an additional 2,235 shares in the last quarter. IFP Advisors Inc raised its position in shares of SPDR Wells Fargo Preferred Stock ETF by 43.4% in the fourth quarter. IFP Advisors Inc now owns 3,816 shares of the company’s stock valued at $150,000 after buying an additional 1,154 shares in the last quarter. Lake Point Wealth Management acquired a new stake in shares of SPDR Wells Fargo Preferred Stock ETF in the fourth quarter valued at approximately $212,000. Finally, Private Advisor Group LLC acquired a new stake in shares of SPDR Wells Fargo Preferred Stock ETF in the third quarter valued at approximately $220,000.

Shares of NYSEARCA:PSK traded down $0.02 during trading on Friday, hitting $42.80. 152,199 shares of the company were exchanged, compared to its average volume of 115,200. SPDR Wells Fargo Preferred Stock ETF has a 1-year low of $38.53 and a 1-year high of $43.90.

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, April 1st. This represents a $2.40 dividend on an annualized basis and a yield of 5.61%.

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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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