Foresight Wealth Management LLC Acquires 16,727 Shares of SPDR Wells Fargo Preferred Stock ETF (PSK)

Foresight Wealth Management LLC lifted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 25.7% during the 1st quarter, HoldingsChannel reports. The fund owned 81,814 shares of the company’s stock after buying an additional 16,727 shares during the period. SPDR Wells Fargo Preferred Stock ETF makes up about 3.0% of Foresight Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Foresight Wealth Management LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $3,492,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Gradient Investments LLC boosted its stake 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 valued at $17,853,000 after purchasing an additional 451,053 shares during the period. Morgan Stanley increased its stake in SPDR Wells Fargo Preferred Stock ETF by 26.2% in the 3rd quarter. Morgan Stanley now owns 402,572 shares of the company’s stock valued at $17,162,000 after buying an additional 83,659 shares during the period. CWM LLC increased its stake in SPDR Wells Fargo Preferred Stock ETF by 22.5% in the 1st quarter. CWM LLC now owns 267,547 shares of the company’s stock valued at $11,419,000 after buying an additional 49,176 shares during the period. Shulman DeMeo Asset Management LLC acquired a new position in shares of SPDR Wells Fargo Preferred Stock ETF during the 4th quarter worth $4,498,000. Finally, ST Germain D J Co. Inc. increased its stake in shares of SPDR Wells Fargo Preferred Stock ETF by 819.5% during the 1st quarter. ST Germain D J Co. Inc. now owns 97,468 shares of the company’s stock worth $4,160,000 after purchasing an additional 86,868 shares during the last quarter.

Shares of PSK traded up $0.03 during mid-day trading on Wednesday, hitting $42.71. 23,960 shares of the company’s stock were exchanged, compared to its average volume of 121,343. SPDR Wells Fargo Preferred Stock ETF has a twelve month low of $38.53 and a twelve month high of $43.90.

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 1st. This represents a $2.40 annualized dividend and a dividend yield of 5.62%.

COPYRIGHT VIOLATION WARNING: “Foresight Wealth Management LLC Acquires 16,727 Shares of SPDR Wells Fargo Preferred Stock ETF (PSK)” was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.wkrb13.com/2019/05/15/foresight-wealth-management-llc-acquires-16727-shares-of-spdr-wells-fargo-preferred-stock-etf-psk.html.

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.

Featured Article: Asset Allocation, Balancing Your Investments

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.