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NYSEARCA:PSK - SPDR Wells Fargo Preferred Stock ETF Stock Price, Forecast & News

$44.49
-0.06 (-0.13 %)
(As of 02/16/2020 02:17 PM ET)
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Today's Range
$44.46
Now: $44.49
$44.58
50-Day Range
$43.85
MA: $44.39
$44.66
52-Week Range
$42.04
Now: $44.49
$44.71
Volume103,056 shs
Average Volume243,281 shs
Market Capitalization$1.19 billion
P/E RatioN/A
Dividend Yield5.37%
BetaN/A
SPDR Wells Fargo Preferred Stock ETF (the Fund) seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock. In addition, the Fund may invest in securities that are not included in the Index, futures, options, swap contracts and other derivatives, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. The Fund’s investment advisor is SSgA Funds Management, Inc.

Basic Details

Issuer SSgA
Fund NameSPDR Wells Fargo Preferred Stock ETF
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:PSK
Inception Date9/16/2009
Fund ManagerMichael Feehily, Karl Schneider, Amy Scofield
Phone+1-617-7863000

Fund Focus

Asset ClassEquity
BenchmarkWells Fargo Hybrid and Preferred Securities Aggregate Index
CategoryStrategy
FocusPreferred Stock
Development LevelDeveloped Markets
RegionNorth America

Fund Statistics

Assets Under Management$1.19 billion
Average Daily Volume$209,210.00
Discount/Premium-0.01%

ETF Expenses

Management Fee0.45%
Other Expenses0.00%
Total Expenses0.45%
Fee Waiver0.00%
Net Expenses0.45%

Administrator, Advisor and Custodian

AdministratorSSGA Funds Management, Inc.
AdvisorSSgA Funds Management, Inc.
CustodianState Street Bank and Trust Company
DistributorState Street Global Advisors Funds Distributors, LLC
Transfer AgentState Street Bank and Trust Company
Trustee
Lead Market MakerVirtu Financial

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Geographic Exposure of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)
Currency Exposure of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)
Sector Exposure of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)
Industry Exposure of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Frequently Asked Questions

What is SPDR Wells Fargo Preferred Stock ETF's stock symbol?

SPDR Wells Fargo Preferred Stock ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "PSK."

How often does SPDR Wells Fargo Preferred Stock ETF pay dividends? What is the dividend yield for SPDR Wells Fargo Preferred Stock ETF?

SPDR Wells Fargo Preferred Stock ETF announced a monthly dividend on Monday, February 3rd. Investors of record on Tuesday, February 4th will be paid a dividend of $0.19 per share on Friday, February 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Monday, February 3rd. View SPDR Wells Fargo Preferred Stock ETF's Dividend History.

What price target have analysts set for PSK?

2 analysts have issued 1 year price targets for SPDR Wells Fargo Preferred Stock ETF's shares. Their forecasts range from $20.50 to $22.00. On average, they anticipate SPDR Wells Fargo Preferred Stock ETF's stock price to reach $21.25 in the next year. This suggests that the stock has a possible downside of 52.2%. View Analyst Price Targets for SPDR Wells Fargo Preferred Stock ETF.

What is the consensus analysts' recommendation for SPDR Wells Fargo Preferred Stock ETF?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SPDR Wells Fargo Preferred Stock ETF in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SPDR Wells Fargo Preferred Stock ETF.

Has SPDR Wells Fargo Preferred Stock ETF been receiving favorable news coverage?

News stories about PSK stock have trended neutral recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. SPDR Wells Fargo Preferred Stock ETF earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for SPDR Wells Fargo Preferred Stock ETF.

What other stocks do shareholders of SPDR Wells Fargo Preferred Stock ETF own?

Who are SPDR Wells Fargo Preferred Stock ETF's major shareholders?

SPDR Wells Fargo Preferred Stock ETF's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Charles Schwab Investment Advisory Inc. (4.48%), Allworth Financial LP (2.00%), CWM LLC (1.57%), Envestnet Asset Management Inc. (1.14%), UBS Group AG (0.97%) and Bank of America Corp DE (0.87%).

Which institutional investors are selling SPDR Wells Fargo Preferred Stock ETF stock?

PSK stock was sold by a variety of institutional investors in the last quarter, including Charles Schwab Investment Advisory Inc., Renaissance Technologies LLC, Creative Planning, Cambridge Investment Research Advisors Inc., Calamos Advisors LLC, Guggenheim Capital LLC, AlphaStar Capital Management LLC and Bank of America Corp DE.

Which institutional investors are buying SPDR Wells Fargo Preferred Stock ETF stock?

PSK stock was bought by a variety of institutional investors in the last quarter, including Vickerman & Driscoll Financial Advisors Inc., Tobias Financial Advisors Inc., Signature Estate & Investment Advisors LLC, CWM LLC, Mechanics Bank Trust Department, Bluefin Trading LLC, UBS Group AG and KCS Wealth Advisory.

How do I buy shares of SPDR Wells Fargo Preferred Stock ETF?

Shares of PSK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is SPDR Wells Fargo Preferred Stock ETF's stock price today?

One share of PSK stock can currently be purchased for approximately $44.49.

How big of a company is SPDR Wells Fargo Preferred Stock ETF?

SPDR Wells Fargo Preferred Stock ETF has a market capitalization of $1.19 billion. View Additional Information About SPDR Wells Fargo Preferred Stock ETF.

What is SPDR Wells Fargo Preferred Stock ETF's official website?

The official website for SPDR Wells Fargo Preferred Stock ETF is http://www.spdrs.com/.

How can I contact SPDR Wells Fargo Preferred Stock ETF?

SPDR Wells Fargo Preferred Stock ETF's mailing address is 1 Lincoln Street, Boston, MA 02111-2900, United States. The company can be reached via phone at +1-617-7863000.


MarketBeat Community Rating for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA PSK)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  62 (Thanks for Voting!)
Underperform Votes:  53 (Thanks for Voting!)
Total Votes:  115
MarketBeat's community ratings are surveys of what our community members think about SPDR Wells Fargo Preferred Stock ETF and other stocks. Vote "Outperform" if you believe PSK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2020 by MarketBeat.com Staff

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