PSKSPDR Wells Fargo Preferred Stock ETF(Exchange Traded Fund )
XTF Rating* 6.8
Price:$42.51 0.03(0.07%)
52 Week:$28.83 - $44.71
Volume: 439,421
Avg Daily Volume: 303,329
Market Cap: $1,154,146,500 Avg Trade Size: 326 shares
Fund Turnover: 93 days 6/5/2020 8:00:00 PM
Similar ETFs to PSK: PFF, PFLD, VRP, FPE, FPEI

SPDR Wells Fargo Preferred Stock ETF is an exchange-traded fund incorporated in the USA. The SPDR  Wells Fargo  Preferred Stock ETF seeks to replicate as closely as possible, before fees and expenses, the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index. The Wells Fargo Hybrid and Preferred Securities Aggregate Index is a modified market capitalization weighted index composed of 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. The Index includes Preferred Securities that meet the following criteria: (i) are non-convertible; (ii) have a par amount of $25; (iii) be listed on the NYSE or NYSE Arca; (iv) must maintain a minimum par value of $250 million; (v) be U.S. dollar denominated; (vi) be rated investment grade by one of Moody's Investors Service, Inc. or Standard & Poor's Ratings Services; (vii) be publicly registered or exempt from registration under the Securities Act of 1933; and (viii) have a minimum monthly trading volume during each of the last six months of at least 250,000 trading units. The Index does not include auction rate preferred securities, convertible preferred shares, securities subject to sinking fund provisions, shares in closed-end funds, municipal securities, or repackaged securities linked to a security, a basket of securities or an index. The Index is rebalanced monthly, on the final NYSE Arca trading day of each month.

Inception Date: 9/16/2009Geography: Global  Asset Class: Hybrid
Primary Exchange: NYSE ArcaInvestment Philosophy: Passively Managed
Issuer: SSGA Funds Management, IncUnderlying Index: Wells Fargo Hybrid and Preferred Securities Aggregate Index
Index Provider: Wells FargoIndex Composition: Cap-Weighted

Structural Integrity
Investment Metrics
Fund Holdings
Fund Exposure
News Headlines
PSK Structural Integrity ranks in the 64th percentile (among all 20 Hybrid ETFs over past 6 months).
as of 3/31/2020 Value  Rank (%)
Expense Ratio 0.45% 
 56.8%
Average Bid Ask Ratio Premium Content 
 46.7%
Tracking Error Premium Content 
 76.3%
Concentration Risk Premium Content 
 76.6%
Market Impact Premium Content 
 84%
Efficiency Premium Content 
 30.4%
Cap Gains Dist Premium Content 
 100%
     
as of 6/5/2020  
Avg Number of Components   (range) 163   (1-168)
Legal Structure Open-End Investment Company 
Annual Yield / SEC Yield 5.45% / 4.44%
Last Dividend PaidDate 0.18, 6/1/2020   See Distributions
Options / Futures Available N  /  N 
Short Interest / Days to Cover 1.1% /  1 day
Net Asset Value $1,153,379,919 
Premium (Discount) 0.07% 
*The XTF Rating for an ETF is based on statistical analysis of its structural integrity and investment metric giving a total range between 0 and 10 with 10 being the best. Read More.





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