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SPDR Wells Fargo Preferred Stock ETF Stock Quote & Summary Data

(ETF)
PSK 
$43.83
*  
0.12
0.27%
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*Delayed - data as of Jul. 25, 2014  -  Find a broker to begin trading PSK now


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Description

The SPDR Wells Fargo Preferred Stock ETF seeks to provide investment results that, before fees and expenses, correspond generally to the Wells Fargo Hybrid and Preferred Securities Aggregate 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 ("Preferred Securities"). Preferred Securities generally pay fixed rate distributions and typically have "preference" over common stock in the payment of distributions and the liquidation of a company's assets%u2014preference means that a company must pay distributions on its Preferred Securities before paying dividends on its common stock, and the claims of Preferred Securities holders are ahead of common stockholders' claims on assets in a corporate liquidation. Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.


Underlying Index Wells Fargo Hybrid and Preferred Securities Aggregate Index
Management Fee 0.45
Asset Class Fixed Income
Leverage 1

News for PSK

Top Holdings
PNC*P PNC Financial Services Group Inc Deposit 2.35%
BCS.PD Barclays Bank Plc 8 1/8 % Non Cum Callab 2.25%
MET*B Metlife Inc 6 1/2 % Non Cum Pfd Shs Seri 2.19%
HSEB* HSBC Holdings Plc 8 % Perp Sub Cap Secs 2.14%
GSF* Goldman Sachs Group Inc 6 1/8 % Notes 20 1.96%
JPM*C Jpmorgan Chase Capital Xxix 6.7 % Capita 1.78%
WFC*J Wells Fargo & Co Deposit Shs Repr 1/40Th 1.77%
DTK* Deutsche Bank Contingent Capital Trust I 1.75%
USB*M US Bancorp Deposit Shs Repr 1/1000Th Non 1.67%
USB*N US Bancorp Deposit Shs Repr 1/1000 Non-C 1.61%

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