ETF Spotlight: SPDR Preferred Stock | ETF Trends

ETF spotlight on the SPDR Wells Fargo Preferred Stock ETF (NYSEArca: PSK), part of an ongoing series.

Assets: $274.3 million

Objective: The SPDR Wells Fargo Preferred Stock ETF tries to reflect the performance of the Wells Fargo Hybrid and Preferred Securities Aggregate Index, which is a modified market-cap weighted index of non-convertible preferred stock and securities like depositary preferred securities and perpetual subordinated debt.

Holdings: Top holdings include: Wells Fargo & Co New 2.7%, Barclays Bank Plc 2.4%, HSBC Hldgs Plc 2.3%, PNC Financial Services Group Inc. 2.3% and Credit Suisse Guernsey Brh 2.2%.