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State Street SPDR ICE Preferred Securities ETF

104 hedge funds and large institutions have $280M invested in State Street SPDR ICE Preferred Securities ETF in 2018 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

29% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 28

13% more capital invested

Capital invested by funds: $248M → $280M (+$32.3M)

4% less funds holding

Funds holding: 108104 (-4)

4.15% less ownership

Funds ownership: 59.05%54.9% (-4.2%)

16% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 19

Holders
104
Holders Change
-4
Holders Change %
-3.7%
% of All Funds
2.38%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
16
Increased
36
Reduced
28
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$56.4M -$5.89M -136,618 -9%
Mackenzie Financial
2
Mackenzie Financial
Ontario, Canada
$38.8M +$18.3M +424,282 +87%
State Street
3
State Street
Massachusetts
$37.2M +$24.3M +564,609 +183%
AF
4
Allworth Financial
California
$18.6M -$3.35M -77,755 -15%
Morgan Stanley
5
Morgan Stanley
New York
$17.2M +$3.61M +83,659 +26%
CWSR
6
Chessman Wealth Strategies RIA
Texas
$10.3M +$10.4M +241,913 New
Wells Fargo
7
Wells Fargo
California
$9.98M +$3.85M +89,315 +62%
NC
8
NewSquare Capital
Pennsylvania
$9.35M +$869K +20,155 +10%
Bank of America
9
Bank of America
North Carolina
$9.09M +$1.76M +40,828 +24%
LPL Financial
10
LPL Financial
California
$6.07M +$459K +10,654 +8%
UBS Group
11
UBS Group
Switzerland
$5.87M -$1.33M -30,861 -18%
Carson Wealth (CWM LLC)
12
Carson Wealth (CWM LLC)
Nebraska
$5.64M +$2.51M +58,167 +79%
SWP
13
Strategic Wealth Partners
Ohio
$4.35M +$2.1M +48,585 +91%
1IA
14
1834 Investment Advisors
Wisconsin
$3.52M -$323K -7,492 -8%
DI
15
Diligent Investors
California
$2.81M +$217K +5,033 +8%
GFPC
16
Global Financial Private Capital
Florida
$2.57M -$370K -8,583 -12%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$2M +$215K +4,984 +12%
SCM
18
Stonehearth Capital Management
Massachusetts
$1.76M +$59.9K +1,388 +3%
RJA
19
Raymond James & Associates
Florida
$1.66M -$1.38K -32 -0.1%
SP
20
SWS Partners
Ohio
$1.65M +$50.8K +1,177 +3%
WCM
21
Windsor Capital Management
Arizona
$1.51M +$198K +4,587 +15%
TFA
22
Transamerica Financial Advisors
Florida
$1.48M +$105K +2,436 +8%
AG
23
Advisor Group
Arizona
$1.4M +$766K +17,771 +118%
First Trust Advisors
24
First Trust Advisors
Illinois
$1.37M +$410K +9,506 +42%
SF
25
Synovus Financial
Georgia
$1.37M -$94.2K -2,184 -6%

PSK Hedge Fund Activity: Q3 2018 in Review

104 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q3 2018, worth a combined $280M — up 13% from $248M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PSK and 16 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 36 added.

The largest buyer was State Street, adding an estimated $24.3M. The largest seller was Gradient Investments, cutting an estimated $15.1M.

  • 104 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q3 2018, down from 108 in Q2 2018.
  • Funds reported $280M of State Street SPDR ICE Preferred Securities ETF stock for Q3 2018, up 13% quarter-over-quarter.
  • 16 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q3 2018 and 19 closed out, a net change of -3 holders.
  • The largest State Street SPDR ICE Preferred Securities ETF buyer in Q3 2018 was State Street, an estimated $24.3M added.
  • The largest State Street SPDR ICE Preferred Securities ETF seller in Q3 2018 was Gradient Investments, an estimated $15.1M sold.

Based on aggregated 13F filings for Q3 2018.