19-Dec-2025
No press releases found.
SPDR Wells Fargo Preferred Stock ETF declares monthly distribution of $0.1800
Seeking Alpha News (Thu, 18-Dec 11:30 AM ET)
The ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index. 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 Moodys Investors Service, Inc. or Standard & Poors 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.
State Street SPDR Ice Preferred Securities ETF trades on the ARCA stock market under the symbol PSK.
As of December 19, 2025, PSK stock price declined to $31.87 with 204,199 million shares trading.
PSK has a beta of 0.20, meaning it tends to be less sensitive to market movements. PSK has a correlation of 0.14 to the broad based SPY ETF.
PSK has a market cap of $774.44 million. This is considered a Small Cap stock.
In the last 3 years, PSK traded as high as $37.06 and as low as $29.91.
PSK has underperformed the market in the last year with a return of +2.7%, while the SPY ETF gained +18.1%. In the last 3 month period, PSK fell short of the market, returning -2.9%, while SPY returned +2.8%. However, in the most recent 2 weeks PSK has outperformed the stock market by returning +0.6%, while SPY returned -0.5%.
PSK support price is $31.76 and resistance is $32.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSK shares will trade within this expected range on the day.