Creative Planning acquired a new position in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,316 shares of the company’s stock, valued at approximately $227,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of PSK. Ruggie Capital Group bought a new position in SPDR Wells Fargo Preferred Stock ETF during the second quarter worth $152,000. Massmutual Trust Co. FSB ADV boosted its stake in SPDR Wells Fargo Preferred Stock ETF by 56.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,515 shares of the company’s stock worth $153,000 after acquiring an additional 1,265 shares in the last quarter. Truvestments Capital LLC bought a new position in SPDR Wells Fargo Preferred Stock ETF during the third quarter worth $186,000. North Star Investment Management Corp. bought a new position in SPDR Wells Fargo Preferred Stock ETF during the second quarter worth $204,000. Finally, Centaurus Financial Inc. boosted its stake in SPDR Wells Fargo Preferred Stock ETF by 94.3% during the second quarter. Centaurus Financial Inc. now owns 4,896 shares of the company’s stock worth $213,000 after acquiring an additional 2,376 shares in the last quarter.
Shares of NYSEARCA PSK opened at $41.44 on Friday. SPDR Wells Fargo Preferred Stock ETF has a 12-month low of $40.94 and a 12-month high of $45.19.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were paid a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend was Thursday, November 1st.
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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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