State Street SPDR ICE Preferred Securities ETF
PSK
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.
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: 83 → 90 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$5.68M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$4.16M |
| 3 |
Comerica Bank
Dallas,
Texas
|
+$1.72M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$1.61M |
| 5 |
Jane Street
New York
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGAM
Steinberg Global Asset Management
Boca Raton,
Florida
|
-$4.48M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.67M |
| 3 |
EDRH
Edmond de Rothschild Holding
Chambesy,
Switzerland
|
-$2.29M |
| 4 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
-$2.01M |
| 5 |
Morgan Stanley
New York
|
-$1.97M |
PSK Hedge Fund Activity: Q4 2016 in Review
90 of the 4,008 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.