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State Street SPDR ICE Preferred Securities ETF

90 hedge funds and large institutions have $168M invested in State Street SPDR ICE Preferred Securities ETF in 2016 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 20 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 11

18.94% more ownership

Funds ownership: 33.08%52.03% (+19%)

8% more funds holding

Funds holding: 8390 (+7)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

9% less capital invested

Capital invested by funds: $185M → $168M (-$16.8M)

46% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 37

Holders
90
Holders Change
+7
Holders Change %
+8.43%
% of All Funds
2.25%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
23
Increased
20
Reduced
37
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RIA
26
Regal Investment Advisors
Michigan
$1.45M +$79.1K +1,812 +6%
Stifel Financial
27
Stifel Financial
Missouri
$1.27M -$760K -17,416 -36%
AIM
28
Advantage Investment Management
Iowa
$1.26M -$259K -5,932 -16%
SFG
29
SNS Financial Group
Minnesota
$1.26M +$141K +3,238 +12%
Baird Financial Group
30
Baird Financial Group
Wisconsin
$1.2M -$135K -3,086 -10%
ARMC
31
American Research & Management Company
Massachusetts
$1.05M +$1.09M +25,025 New
SAM
32
SignalPoint Asset Management
Missouri
$1M -$3.41K -78 -0.3%
NFG
33
Next Financial Group
Texas
$848K -$753K -17,247 -46%
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$821K -$114K -2,605 -12%
FAAS
35
First Allied Advisory Services
California
$739K -$432K -9,897 -36%
OIA
36
Optimum Investment Advisors
Illinois
$728K -$15.3K -350 -2%
RJFSA
37
Raymond James Financial Services Advisors
Florida
$704K -$691K -15,828 -49%
Citadel Advisors
38
Citadel Advisors
Florida
$690K -$478K -10,948 -40%
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$641K +$668K +15,291 New
WCM
40
Windsor Capital Management
Arizona
$579K -$699 -16 -0.1%
PCM
41
Parsons Capital Management
Rhode Island
$538K +$348K +7,975 +164%
CWM
42
Confluence Wealth Management
Oregon
$492K -$24.9K -570 -5%
Wells Fargo
43
Wells Fargo
California
$490K +$496K +11,368 +3,691%
DWM
44
Destination Wealth Management
California
$474K +$494K +11,305 New
VKH
45
Virtu KCG Holdings
New York
$463K +$169K +3,859 +54%
MFS
46
MSI Financial Services
Massachusetts
$424K -$122K -2,784 -22%
Betterment LLC
47
Betterment LLC
New York
$410K +$427K +9,783 New
FIM
48
Freedom Investment Management
Connecticut
$400K +$417K +9,542 New
BWM
49
Braver Wealth Management
Massachusetts
$398K +$414K +9,490 New
NSIM
50
North Star Investment Management
Illinois
$397K +$50.3K +1,151 +14%

PSK Hedge Fund Activity: Q4 2016 in Review

90 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q4 2016, worth a combined $168M — down 9.1% from $185M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PSK positions and 11 closed out — a net gain of 12 holders — while 20 added to existing stakes and 37 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $5.68M. The largest seller was Steinberg Global Asset Management, cutting an estimated $4.48M.

  • 90 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q4 2016, up from 83 in Q3 2016.
  • Funds reported $168M of State Street SPDR ICE Preferred Securities ETF stock for Q4 2016, down 9.1% quarter-over-quarter.
  • 23 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q4 2016 and 11 closed out, a net change of +12 holders.
  • The largest State Street SPDR ICE Preferred Securities ETF buyer in Q4 2016 was Charles Schwab Investment Advisory, an estimated $5.68M added.
  • The largest State Street SPDR ICE Preferred Securities ETF seller in Q4 2016 was Steinberg Global Asset Management, an estimated $4.48M sold.

Based on aggregated 13F filings for Q4 2016.