State Street SPDR ICE Preferred Securities ETF
PSK
171 hedge funds and large institutions have $350M invested in State Street SPDR ICE Preferred Securities ETF in 2023 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 41 increasing their positions, 67 reducing their positions, and 26 closing their positions.
90% more capital inflows, than outflows
Capital inflows: $58.8M | Capital outflows: $31M
4.22% more ownership
Funds ownership: 37.83% → 42.05% (+4.2%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
7% less funds holding
Funds holding: 184 → 171 (-13)
38% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 26
39% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 67
98% less call options, than puts
Call options by funds: $19K | Put options by funds: $824K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
+$40.2M |
| 2 |
Morgan Stanley
New York
|
+$1.85M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.81M |
| 4 |
Ameritas Advisory Services
Lincoln,
Nebraska
|
+$1.81M |
| 5 |
Park Avenue Securities
New York
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$6.53M |
| 2 |
Jane Street
New York
|
-$3.29M |
| 3 |
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
-$3.27M |
| 4 |
IFG Advisory
Atlanta,
Georgia
|
-$2.48M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.58M |
PSK Hedge Fund Activity: Q3 2023 in Review
171 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q3 2023, worth a combined $350M — up 4.9% from $334M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PSK and 16 opened new positions — a net loss of 10 holders — while 67 trimmed existing stakes and 41 added.
The largest buyer was Financial Counselors Inc, opening a new position worth an estimated $40.2M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $6.53M.
- 171 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q3 2023, down from 184 in Q2 2023.
- Funds reported $350M of State Street SPDR ICE Preferred Securities ETF stock for Q3 2023, up 4.9% quarter-over-quarter.
- 16 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q3 2023 and 26 closed out, a net change of -10 holders.
- The largest State Street SPDR ICE Preferred Securities ETF buyer in Q3 2023 was Financial Counselors Inc, an estimated $40.2M added.
- The largest State Street SPDR ICE Preferred Securities ETF seller in Q3 2023 was Raymond James Financial Services Advisors, an estimated $6.53M sold.
Based on aggregated 13F filings for Q3 2023.