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
Benchmark
CategoryStrategy
FocusPreferred Stock
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$956.30 million
Average Daily Volume$134,314.60
Discount/Premium0.02%
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 -- dividend on Tuesday, September 3rd. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.20 per share on Monday, September 9th. This represents a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 3rd. 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 objectives for SPDR Wells Fargo Preferred Stock ETF's shares. Their predictions 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 52.0%. 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?
Media coverage about PSK stock has trended extremely negative recently, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. SPDR Wells Fargo Preferred Stock ETF earned a media sentiment score of -4.2 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. 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 many different of institutional and retail investors. Top institutional investors include Allworth Financial LP (2.28%), Measured Wealth Private Client Group LLC (0.20%), JBJ Investment Partners LLC (0.14%), Dfpg Investments Inc. (0.12%), Evanson Asset Management LLC (0.09%) and Gradient Investments LLC (0.07%).
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 JBJ Investment Partners LLC and Gradient Investments LLC.
Which institutional 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 Measured Wealth Private Client Group LLC, Allworth Financial LP, Buffington Mohr McNeal, North Star Investment Management Corp., Dfpg Investments Inc. and Evanson Asset Management 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, 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 $44.28.
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.
