Evanson Asset Management LLC Grows Stock Holdings in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

Evanson Asset Management LLC raised its stake in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,635 shares of the company’s stock after buying an additional 335 shares during the period. Evanson Asset Management LLC owned about 0.08% of SPDR Wells Fargo Preferred Stock ETF worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Winslow Evans & Crocker Inc. lifted its stake in SPDR Wells Fargo Preferred Stock ETF by 154.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 350 shares during the period. North Star Investment Management Corp. acquired a new stake in SPDR Wells Fargo Preferred Stock ETF during the third quarter worth about $31,000. First Allied Advisory Services Inc. purchased a new position in SPDR Wells Fargo Preferred Stock ETF during the third quarter valued at approximately $85,000. Pacitti Group Inc. purchased a new position in SPDR Wells Fargo Preferred Stock ETF during the third quarter valued at approximately $108,000. Finally, Investors Research Corp lifted its holdings in SPDR Wells Fargo Preferred Stock ETF by 275.9% in the third quarter. Investors Research Corp now owns 3,188 shares of the company’s stock valued at $141,000 after acquiring an additional 2,340 shares during the period.

SPDR Wells Fargo Preferred Stock ETF stock opened at $44.46 on Monday. SPDR Wells Fargo Preferred Stock ETF has a 12 month low of $40.86 and a 12 month high of $44.48. The stock’s 50 day simple moving average is $43.82 and its two-hundred day simple moving average is $43.81.

The company also recently disclosed a monthly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2452 per share. This is a boost from SPDR Wells Fargo Preferred Stock ETF’s previous monthly dividend of $0.20. The ex-dividend date was Friday, December 20th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.62%.

SPDR Wells Fargo Preferred Stock 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.

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

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