State Street SPDR ICE Preferred Securities ETF
PSK
135 hedge funds and large institutions have $310M invested in State Street SPDR ICE Preferred Securities ETF in 2020 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 50 increasing their positions, 34 reducing their positions, and 28 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 34
3.91% less ownership
Funds ownership: 42.9% → 38.99% (-3.9%)
6% less funds holding
Funds holding: 144 → 135 (-9)
15% less capital invested
Capital invested by funds: $365M → $310M (-$55.6M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
18% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$12.2M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$6.94M |
| 3 |
SAS
Sage Advisory Services
Austin,
Texas
|
+$3.78M |
| 4 |
CST
Charles Schwab Trust
Henderson,
Nevada
|
+$3.34M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$23.3M |
| 2 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
-$10.9M |
| 3 |
Morgan Stanley
New York
|
-$8.32M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$4.82M |
| 5 |
TFA
Tobias Financial Advisors
Plantation,
Florida
|
-$4.23M |
PSK Hedge Fund Activity: Q1 2020 in Review
135 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q1 2020, worth a combined $310M — down 15% from $365M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PSK and 23 opened new positions — a net loss of 5 holders — while 34 trimmed existing stakes and 50 added.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $12.2M. The largest seller was Mackenzie Financial, exiting entirely with an estimated $23.3M sold.
- 135 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q1 2020, down from 144 in Q4 2019.
- Funds reported $310M of State Street SPDR ICE Preferred Securities ETF stock for Q1 2020, down 15% quarter-over-quarter.
- 23 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q1 2020 and 28 closed out, a net change of -5 holders.
- The largest State Street SPDR ICE Preferred Securities ETF buyer in Q1 2020 was Charles Schwab Investment Advisory, an estimated $12.2M added.
- The largest State Street SPDR ICE Preferred Securities ETF seller in Q1 2020 was Mackenzie Financial, an estimated $23.3M sold.
Based on aggregated 13F filings for Q1 2020.