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Key Stock Data
The current last sale of $13.98 is 0.65% Higher than the 52 week low.
|Intraday||Last 52 Weeks|
|High:||$ 13.99||$ 15.08|
|Low:||$ 13.94||$ 13.89|
The PowerShares Preferred Portfolio is based on The BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moodys, SP and Fitch) and must have an investment-grade country risk profile (based on an average of Moodys, SP and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.
|Underlying Index||BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index|