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$1.15 billion
Average Daily Volume$259,795.70
Discount/Premium0.06%
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 announced a monthly dividend on Friday, December 20th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.2452 per share on Friday, December 27th. This represents a $2.94 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from SPDR Wells Fargo Preferred Stock ETF's previous monthly dividend of $0.20. View SPDR Wells Fargo Preferred Stock ETF's Dividend History.
What price target have analysts set for PSK?
2 brokers 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 twelve months. This suggests that the stock has a possible downside of 52.1%. 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 somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded 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 media sentiment score of 1.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact 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 number of of institutional and retail investors. Top institutional shareholders include Allworth Financial LP (2.00%), Shulman DeMeo Asset Management LLC (0.54%), Mechanics Bank Trust Department (0.42%), Measured Wealth Private Client Group LLC (0.22%), Stonehearth Capital Management LLC (0.16%) and AE Wealth Management LLC (0.15%).
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 Calamos Advisors LLC, Gradient Investments LLC, Comprehensive Portfolio Management LLC, JBJ Investment Partners LLC and Optimum Investment Advisors.
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 Mechanics Bank Trust Department, KCS Wealth Advisory, Allworth Financial LP, Measured Wealth Private Client Group LLC, Shulman DeMeo Asset Management LLC, AE Wealth Management LLC, Stonehearth Capital Management LLC and American Research & Management Co..
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 $44.36.
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)
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.
