SPDR Wells Fargo Preferred Stock ETF (PSK) Shares Bought by Hanson McClain Inc.

Hanson McClain Inc. boosted its holdings in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 451,390 shares of the company’s stock after acquiring an additional 20,188 shares during the quarter. SPDR Wells Fargo Preferred Stock ETF accounts for about 0.8% of Hanson McClain Inc.’s investment portfolio, making the stock its 20th largest position. Hanson McClain Inc.’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $19,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC increased its stake in SPDR Wells Fargo Preferred Stock ETF by 65.1% in the 4th quarter. CWM LLC now owns 218,371 shares of the company’s stock worth $8,639,000 after acquiring an additional 86,133 shares during the last quarter. IFP Advisors Inc increased its stake in SPDR Wells Fargo Preferred Stock ETF by 43.4% in the 4th quarter. IFP Advisors Inc now owns 3,816 shares of the company’s stock worth $150,000 after acquiring an additional 1,154 shares during the last quarter. Baltimore Washington Financial Advisors Inc. bought a new position in SPDR Wells Fargo Preferred Stock ETF in the 4th quarter worth about $383,000. Stonehearth Capital Management LLC increased its stake in SPDR Wells Fargo Preferred Stock ETF by 10.6% in the 1st quarter. Stonehearth Capital Management LLC now owns 28,730 shares of the company’s stock worth $1,226,000 after acquiring an additional 2,760 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in SPDR Wells Fargo Preferred Stock ETF by 27.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,581 shares of the company’s stock worth $616,000 after acquiring an additional 3,350 shares during the last quarter.

NYSEARCA PSK traded up $0.10 during trading on Thursday, reaching $42.90. The company’s stock had a trading volume of 105 shares, compared to its average volume of 121,514. SPDR Wells Fargo Preferred Stock ETF has a one year low of $38.53 and a one year high of $43.90.



The firm also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were paid a $0.20 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $2.40 dividend on an annualized basis and a yield of 5.59%.

TRADEMARK VIOLATION NOTICE: “SPDR Wells Fargo Preferred Stock ETF (PSK) Shares Bought by Hanson McClain Inc.” was originally posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://dakotafinancialnews.com/2019/05/16/spdr-wells-fargo-preferred-stock-etf-psk-shares-bought-by-hanson-mcclain-inc.html.

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.

Featured Article: Cash Flow Analysis in Stock Selection

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)

Receive News & Ratings for SPDR Wells Fargo Preferred Stock ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Wells Fargo Preferred Stock ETF and related companies with MarketBeat.com's FREE daily email newsletter.