PSK - SPDR Wells Fargo Preferred Stock ETF
|Ex-Dividend Date||Apr 1, 2021|
|Trading Day||April 16|
|Day's Range||43.61 - 43.73|
|52-Week Range||38.29 - 43.89|
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of Wells Fargo Hybrid and Preferred Securities Aggregate Index (the index), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising 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. The fund is non-diversified.
|Asset Class |
|Inception Date |
Sep 16, 2009
|Ticker Symbol |
|Index Tracked |
Wells Fargo Hybrid and Preferred Securities Aggregate Index
Top 10 Holdings15.69% of assets
|Citigroup Capital XIII Tr Pfd Secs 2010-30.10.40 Global Fltg Rt||C V0 10/30/40||2.75%|
|PNC Financial Services Group Inc. Deposit Shs Repr 1/4000th Non-Cum Perp Pfd Shs Series P||PNC V6.125 PERP P||1.80%|
|Capital One Financial Corporation Depositary Shs Repr 1/40th 5% Non-Cum Red Perp Pfd Registered Shs Ser I||COF 5 PERP I||1.78%|
|AT&T Inc 5.35 % Notes 2017-01.11.66 Global||T 5.35 11/01/66||1.59%|
|Capital One Financial Corporation Depositary Shs Repr 1/40th 4.8% Non-Cum Red Perp Pfd RegisteredShs Ser J||COF 4.8 PERP J||1.44%|
|Allstate Corporation Depositary Shs Repr 1/1000th 5.1% Non-Cum Red Perp Pfd Series H||ALL 5.1 PERP H||1.39%|
|U.S. Bancorp Deposit Shs Repr 1/1000th Non Cum Perp Pfd Shs Series-F||USB V6.5 PERP F||1.28%|
|Duke Energy Corp Depositary Shs Repr 1/1000th Cum Red Perp Pfd Registered Sh Series A||DUK 5.75 PERP A||1.25%|
|Southern Co 4.95 % Notes 2020-30.01.80 Global Series 2020A||SO 4.95 01/30/80 2020||1.20%|
|Metlife Inc Depositary Shs Repr 1/1000th 4.75 % Non-Cum Perp Red Pfd Shs Series F||MET 4.75 PERP F||1.20%|
|Apr 1, 2021||$0.18||Apr 8, 2021|
|Mar 1, 2021||$0.18||Mar 5, 2021|
|Feb 1, 2021||$0.18||Feb 5, 2021|
|Dec 18, 2020||$0.256||Dec 24, 2020|
|Dec 1, 2020||$0.18||Dec 7, 2020|
|Nov 2, 2020||$0.18||Nov 6, 2020|
An oil collapse sent Wall Street into a tailspin on Mar 9, indicating that the 11-year-long bull market might soon end. These ETFs may, however, survive the crash.
These preferred ETFs are yielding more than 5% annually and losing little in prices amid the market bloodbath.
By Robert Ross An entire class of high-yield stocks just got a big boost. Fed Chairman Jerome Powell announced last Wednesday that the central bank will cut interest rates by 0.25%.