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

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$42.51 -0.08 (-0.19 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$42.51
Today's Range$42.44 - $42.5550
52-Week Range$38.53 - $43.90
Volume83,099 shs
Average Volume110,684 shs
Market Capitalization$682.29 million
P/E RatioN/A
Dividend Yield6.03%
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.

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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 TR USD
CategoryStrategy
FocusPreferred Stock
Development LevelDeveloped Markets
RegionNorth America

Fund Statistics

Assets Under Management$513.21 million
Average Daily Volume$102,991.00
Discount/Premium0.35%

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

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 Friday, March 1st. Investors of record on Monday, March 4th will be paid a dividend of $0.20 per share on Thursday, March 7th. This represents a $2.40 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Friday, March 1st. View SPDR Wells Fargo Preferred Stock ETF's Dividend History.

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

Media coverage about PSK stock has been trending neutral this week, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public 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 0.2 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the immediate future.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other SPDR Wells Fargo Preferred Stock ETF investors own include Alibaba Group (BABA), AmerisourceBergen (ABC), Micron Technology (MU), Constellation Brands (STZ), Mid-America Apartment Communities (MAA), Aspen Technology (AZPN), QUALCOMM (QCOM), Triumph Bancorp (TBK), United States Steel (X) and Morgan Stanley (MS).

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 shareholders include Mackenzie Financial Corp (4.76%), Gradient Investments LLC (3.04%), Hanson McClain Inc. (2.86%), CWM LLC (1.47%), Bank of America Corp DE (0.86%) and Shulman DeMeo Asset Management LLC (0.76%).

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 Mackenzie Financial Corp, Bank of America Corp DE, Strategic Wealth Partners Ltd., LPL Financial LLC, Raymond James & Associates, Northern Oak Wealth Management Inc., Global Financial Private Capital LLC and Stonehearth Capital Management LLC.

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

PSK stock was purchased by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Shulman DeMeo Asset Management LLC, Townsquare Capital LLC, CWM LLC, Comprehensive Portfolio Management LLC, Foresight Wealth Management LLC, Jane Street Group LLC and Bluefin Trading LLC.

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, Scottrade, 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 $42.51.

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

SPDR Wells Fargo Preferred Stock ETF has a market capitalization of $682.29 million.

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

The official website for SPDR Wells Fargo Preferred Stock ETF is https://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:  2.6 out of 5 (star star)
Outperform Votes:  46 (Vote Outperform)
Underperform Votes:  41 (Vote Underperform)
Total Votes:  87
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 3/23/2019 by MarketBeat.com Staff

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