28,123 Shares in SPDR Wells Fargo Prfd Stk ETF (PSK) Acquired by Gradient Investments LLC

Gradient Investments LLC bought a new stake in SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,123 shares of the company’s stock, valued at approximately $1,239,000. Gradient Investments LLC owned approximately 0.23% of SPDR Wells Fargo Prfd Stk ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of PSK. First Trust Advisors LP lifted its position in SPDR Wells Fargo Prfd Stk ETF by 17.3% in the third quarter. First Trust Advisors LP now owns 12,178 shares of the company’s stock worth $544,000 after buying an additional 1,793 shares during the last quarter. NewSquare Capital LLC lifted its position in SPDR Wells Fargo Prfd Stk ETF by 1.4% in the third quarter. NewSquare Capital LLC now owns 194,018 shares of the company’s stock worth $8,445,000 after buying an additional 2,656 shares during the last quarter. CWM LLC lifted its position in SPDR Wells Fargo Prfd Stk ETF by 6.5% in the fourth quarter. CWM LLC now owns 48,828 shares of the company’s stock worth $2,150,000 after buying an additional 2,960 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in SPDR Wells Fargo Prfd Stk ETF by 18.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,322 shares of the company’s stock worth $1,043,000 after buying an additional 3,576 shares during the last quarter. Finally, Tompkins Financial Corp lifted its position in SPDR Wells Fargo Prfd Stk ETF by 55.1% in the third quarter. Tompkins Financial Corp now owns 13,880 shares of the company’s stock worth $620,000 after buying an additional 4,930 shares during the last quarter.

Separately, AltaCorp Capital restated a “hold” rating and issued a $36.00 price target on shares of SPDR Wells Fargo Prfd Stk ETF in a research report on Monday, January 15th.

Shares of SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK) traded up $0.02 on Tuesday, reaching $42.54. The company had a trading volume of 11,673 shares, compared to its average volume of 168,287. SPDR Wells Fargo Prfd Stk ETF has a 12 month low of $41.81 and a 12 month high of $45.44.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.88%.

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SPDR Wells Fargo Prfd Stk 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.

Institutional Ownership by Quarter for SPDR Wells Fargo Prfd Stk ETF (NYSEARCA:PSK)

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