About SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)
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 TR USD
CategoryStrategy
FocusPreferred Stock
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$506.93 million
Average Daily Volume$48,795.00
Discount/Premium0.07%
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 quarterly dividend on Monday, April 2nd. Shareholders of record on Tuesday, April 3rd will be given a dividend of $0.20 per share on Friday, April 6th. This represents a $0.80 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, April 2nd. View SPDR Wells Fargo Preferred Stock ETF's Dividend History.
What price target have analysts set for PSK?
2 brokers have issued 12-month target prices for SPDR Wells Fargo Preferred Stock ETF's shares. Their forecasts range from $35.00 to $36.00. On average, they expect SPDR Wells Fargo Preferred Stock ETF's stock price to reach $35.50 in the next year. View Analyst Ratings for SPDR Wells Fargo Preferred Stock ETF.
Who are some of SPDR Wells Fargo Preferred Stock ETF's key competitors?
Has SPDR Wells Fargo Preferred Stock ETF been receiving favorable news coverage?
News stories about PSK stock have trended somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SPDR Wells Fargo Preferred Stock ETF earned a media sentiment score of 0.21 on Accern's scale. They also assigned news headlines about the company an impact score of 45.52 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
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 $42.95.
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 (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.
SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for SPDR Wells Fargo Preferred Stock ETF in the last 12 months. Their average twelve-month price target is $35.50, suggesting that the stock has a possible downside of 17.35%. The high price target for PSK is $36.00 and the low price target for PSK is $35.00. There are currently 2 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $35.50 | $35.50 | $35.50 | $35.00 |
| Price Target Upside: | 17.35% downside | 18.65% downside | 18.65% downside | N/A |
SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Consensus Price Target History
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SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Dividend Information
SPDR Wells Fargo Preferred Stock ETF pays an annual dividend of $2.49 per share, with a dividend yield of 5.80%. PSK's most recent quarterly dividend payment was Friday, April 6.
| Most Recent Dividend: | 4/6/2018 |
| Annual Dividend: | $2.49 |
| Dividend Yield: | 5.80% |
| Payout Ratio: | N/A |
SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/2/2018 | quarterly | $0.20 | 1.86% | 4/2/2018 | 4/3/2018 | 4/6/2018 |
| 3/2/2018 | quarterly | $0.20 | 1.86% | 3/1/2018 | 3/2/2018 | 3/7/2018 |
| 2/2/2018 | quarterly | $0.20 | 1.9% | 2/1/2018 | 2/2/2018 | 2/7/2018 |
| 12/18/2017 | quarterly | $0.6846 | 6.18% | 12/15/2017 | 12/18/2017 | 12/26/2017 |
(Data available from 1/1/2013 forward)
SPDR Wells Fargo Preferred Stock ETF (NYSEARCA PSK) News Headlines
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SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) SEC Filings
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SPDR Wells Fargo Preferred Stock ETF (NYSEARCA PSK) Stock Chart for Friday, April, 20, 2018
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