Global Financial Private Capital LLC Lowers Holdings in SPDR Wells Fargo Preferred Stock ETF (PSK)

Global Financial Private Capital LLC trimmed its position in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,352 shares of the company’s stock after selling 8,583 shares during the quarter. Global Financial Private Capital LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $2,573,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ruggie Capital Group purchased a new stake in shares of SPDR Wells Fargo Preferred Stock ETF in the 2nd quarter worth $152,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 56.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,515 shares of the company’s stock worth $153,000 after buying an additional 1,265 shares during the period. Truvestments Capital LLC purchased a new stake in shares of SPDR Wells Fargo Preferred Stock ETF in the 3rd quarter worth $186,000. North Star Investment Management Corp. purchased a new stake in shares of SPDR Wells Fargo Preferred Stock ETF in the 2nd quarter worth $204,000. Finally, Centaurus Financial Inc. lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF by 94.3% in the 2nd quarter. Centaurus Financial Inc. now owns 4,896 shares of the company’s stock worth $213,000 after buying an additional 2,376 shares during the period.

Shares of PSK stock opened at $41.44 on Friday. SPDR Wells Fargo Preferred Stock ETF has a twelve month low of $40.94 and a twelve month high of $45.19.

The company also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were issued a $0.20 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend was Thursday, November 1st.

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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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Want to see what other hedge funds are holding PSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK).

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

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