SPDR Wells Fargo Preferred Stock ETF (PSK) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC trimmed its stake in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,428 shares of the company’s stock after selling 3,384 shares during the quarter. Regal Investment Advisors LLC owned approximately 0.12% of SPDR Wells Fargo Preferred Stock ETF worth $729,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PSK. Gradient Investments LLC increased its position in SPDR Wells Fargo Preferred Stock ETF by 191,937.4% during the 4th quarter. Gradient Investments LLC now owns 451,288 shares of the company’s stock worth $17,853,000 after purchasing an additional 451,053 shares in the last quarter. Mackenzie Financial Corp increased its position in SPDR Wells Fargo Preferred Stock ETF by 87.3% during the 3rd quarter. Mackenzie Financial Corp now owns 910,309 shares of the company’s stock worth $38,806,000 after purchasing an additional 424,282 shares in the last quarter. Chessman Wealth Strategies RIA acquired a new position in SPDR Wells Fargo Preferred Stock ETF during the 3rd quarter worth approximately $10,313,000. Wells Fargo & Company MN increased its position in SPDR Wells Fargo Preferred Stock ETF by 61.7% in the 3rd quarter. Wells Fargo & Company MN now owns 234,106 shares of the company’s stock valued at $9,980,000 after acquiring an additional 89,315 shares during the period. Finally, CWM LLC increased its position 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 valued at $8,639,000 after acquiring an additional 86,133 shares during the period.

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Shares of NYSEARCA PSK opened at $41.67 on Friday. SPDR Wells Fargo Preferred Stock ETF has a 52-week low of $38.53 and a 52-week high of $43.90.

The firm also recently declared a monthly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, February 4th were given a $0.20 dividend. This represents a $2.40 annualized dividend and a yield of 5.76%. The ex-dividend date was Friday, February 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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