State Street SPDR ICE Preferred Securities ETF
PSK
83 hedge funds and large institutions have $185M invested in State Street SPDR ICE Preferred Securities ETF in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 21 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
57% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 21
9% more funds holding
Funds holding: 76 → 83 (+7)
8.2% less ownership
Funds ownership: 41.28% → 33.08% (-8.2%)
19% less capital invested
Capital invested by funds: $229M → $185M (-$44.3M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$8.92M |
| 2 |
EDRH
Edmond de Rothschild Holding
Chambesy,
Switzerland
|
+$2.33M |
| 3 |
EDRS
Edmond de Rothschild (Suisse)
Geneva,
Switzerland
|
+$2.33M |
| 4 |
State Street
Boston,
Massachusetts
|
+$1.86M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
-$15.4M |
| 2 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$12.9M |
| 3 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$12.1M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$9.91M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$5.12M |
PSK Hedge Fund Activity: Q3 2016 in Review
83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q3 2016, worth a combined $185M — down 19% from $229M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PSK positions and 8 closed out — a net gain of 8 holders — while 33 added to existing stakes and 21 trimmed.
The largest buyer was Bank of America, adding an estimated $8.92M. The largest seller was NewSquare Capital, cutting an estimated $15.4M.
- 83 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q3 2016, up from 76 in Q2 2016.
- Funds reported $185M of State Street SPDR ICE Preferred Securities ETF stock for Q3 2016, down 19% quarter-over-quarter.
- 16 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q3 2016 and 8 closed out, a net change of +8 holders.
- The largest State Street SPDR ICE Preferred Securities ETF buyer in Q3 2016 was Bank of America, an estimated $8.92M added.
- The largest State Street SPDR ICE Preferred Securities ETF seller in Q3 2016 was NewSquare Capital, an estimated $15.4M sold.
Based on aggregated 13F filings for Q3 2016.