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
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 declared a monthly dividend on Monday, February 3rd. Shareholders 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 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend 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 12 month price objectives for SPDR Wells Fargo Preferred Stock ETF's stock. Their forecasts range from $20.50 to $22.00. On average, they expect SPDR Wells Fargo Preferred Stock ETF's share price to reach $21.25 in the next year. This suggests that the stock has a possible downside of 52.3%. 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?
Press coverage about PSK stock has been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. SPDR Wells Fargo Preferred Stock ETF earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. 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 major 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 major investors are buying SPDR Wells Fargo Preferred Stock ETF stock?
PSK stock was acquired 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 Ladenburg Thalmann Financial Services Inc..
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 $44.51.
How big of a company is SPDR Wells Fargo Preferred Stock ETF?
What is SPDR Wells Fargo Preferred Stock ETF's official website?
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 ( ) |
| Outperform Votes: | | 63 (Thanks for Voting!) |
| Underperform Votes: | | 53 (Thanks for Voting!) |
| Total Votes: | | 116 |
