State Street SPDR ICE Preferred Securities ETF
PSK
45 hedge funds and large institutions have $50.1M invested in State Street SPDR ICE Preferred Securities ETF in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 21 reducing their positions, and 5 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
2% less funds holding
Funds holding: 46 → 45 (-1)
13.65% less ownership
Funds ownership: 33.46% → 19.81% (-14%)
43% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 21
60% less capital invested
Capital invested by funds: $124M → $50.1M (-$74.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.58M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$487K |
| 3 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
+$215K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$141K |
| 5 |
SCG
Strategic Capital Group
Gig Harbor,
Washington
|
+$141K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$35.9M |
| 2 |
State Street
Boston,
Massachusetts
|
-$26.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.41M |
| 4 |
BCM
Bluefin Capital Management
New York
|
-$2.09M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.5M |
PSK Hedge Fund Activity: Q3 2013 in Review
45 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q3 2013, worth a combined $50.1M — down 60% from $124M a quarter earlier.
Fund positioning in PSK was balanced in Q3 2013: 5 funds opened new positions, 5 closed out, 12 added to existing stakes and 21 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.58M. The largest seller was WBI Investments, exiting entirely with an estimated $35.9M sold.
- 45 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q3 2013, down from 46 in Q2 2013.
- Funds reported $50.1M of State Street SPDR ICE Preferred Securities ETF stock for Q3 2013, down 60% quarter-over-quarter.
- 5 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q3 2013 and 5 closed out, a net change of 0 holders.
- The largest State Street SPDR ICE Preferred Securities ETF buyer in Q3 2013 was Royal Bank of Canada, an estimated $1.58M added.
- The largest State Street SPDR ICE Preferred Securities ETF seller in Q3 2013 was WBI Investments, an estimated $35.9M sold.
Based on aggregated 13F filings for Q3 2013.