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HEADLINES:

Preferred Stock ETFs Generate Robust Yields
Tom Lydon • Wed, Mar 27 • 4 Comments
The Market Has Recovered - Congratulations You've Lost 28 Percent
David Cretcher • Fri, Mar 8 • 30 Comments
Preferred Stock ETF With 6% Yield Eyes Post-Crisis High
Tom Lydon • Tue, Jan 15 • 1 Comment
A Simple Retirement Portfolio Anyone Can Build (Equal Sector Weights): Year-End Update
Rob Ward • Fri, Dec 28, 2012 • 27 Comments
Preferred Stock ETF With 6.5% Yield
David Zanoni • Wed, Nov 28, 2012 • 28 Comments
Why Preferred Stock ETFs Are Hot
Tom Lydon • Mon, Jul 23, 2012 • 4 Comments
Van Eck Launches Non-Financial Preferred Stock ETF
Tom Lydon • Thu, Jul 19, 2012 • 3 Comments
Some Preferred Stock ETFs Yield More Than 6%
Tom Lydon • Thu, Jun 14, 2012 • 2 Comments
Investors Chase Yield With Preferred Stock ETFs
Tom Lydon • Wed, May 9, 2012 • 1 Comment
Looking Under The Hood Of The Top 5 Preferred ETFs
David Fry • Tue, May 1, 2012 • 9 Comments
The 3 Safest High-Yielding Investments You've Never Heard Of
Larry Meyers • Tue, Jan 31, 2012 • 31 Comments
Rates Staying Low Through 2014: Look At Preferred Shares For Income
Aaron Katsman • Thu, Jan 26, 2012 • 37 Comments
Top 10 High Yield Dividend ETFs
David Fry • Mon, Dec 19, 2011 • 5 Comments
Preferred Stock ETFs: The Downside That Preferred Stock Investors Can Avoid
Doug K. Le Du • Tue, Dec 6, 2011 • 19 Comments
New iShares International Preferred ETF: Mostly Canadian
Ron Rowland • Fri, Dec 2, 2011 • 12 Comments
U.S. Preferred/Convertible ETFs: An Uncertain Future
MyPlanIQ • Wed, Nov 23, 2011 • 2 Comments
BlackRock Debuts International Preferred Stock ETF
John Spence • Fri, Nov 18, 2011
iShares Launches International Preferred Stock ETF
Michael Johnston • Thu, Nov 17, 2011
High Five: Dividend ETFs With Juicy Yields
Tom Lydon • Wed, Nov 9, 2011 • 3 Comments
Preferreds Back On The Brink
Eric Parnell • Thu, Sep 22, 2011 • 9 Comments

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Preferred Stock ETF With 6.5% Yield
David Zanoni • Wed, Nov 28, 2012 • 28 Comments
Preferred Stocks for Income: Buy Individual Issues or ETFs?
Roger Nusbaum • Fri, Sep 10, 2010 • 15 Comments
Preferred Stock ETFs Continue Their Winning Ways
Michael Johnston • Wed, Mar 24, 2010 • 12 Comments
Third Preferred Stock ETF Hits the Market
IndexUniverse • Thu, Sep 17, 2009 • 3 Comments

Preferred Stock ETFs Generate Robust Yields
Tom Lydon • Wed, Mar 27 • 4 Comments
The Market Has Recovered - Congratulations You've Lost 28 Percent
David Cretcher • Fri, Mar 8 • 30 Comments
Preferred Stock ETF With 6% Yield Eyes Post-Crisis High
Tom Lydon • Tue, Jan 15 • 1 Comment
A Simple Retirement Portfolio Anyone Can Build (Equal Sector Weights): Year-End Update
Rob Ward • Fri, Dec 28, 2012 • 27 Comments
Why Preferred Stock ETFs Are Hot
Tom Lydon • Mon, Jul 23, 2012 • 4 Comments
Van Eck Launches Non-Financial Preferred Stock ETF
Tom Lydon • Thu, Jul 19, 2012 • 3 Comments
Some Preferred Stock ETFs Yield More Than 6%
Tom Lydon • Thu, Jun 14, 2012 • 2 Comments
Investors Chase Yield With Preferred Stock ETFs
Tom Lydon • Wed, May 9, 2012 • 1 Comment
Looking Under The Hood Of The Top 5 Preferred ETFs
David Fry • Tue, May 1, 2012 • 9 Comments
The 3 Safest High-Yielding Investments You've Never Heard Of
Larry Meyers • Tue, Jan 31, 2012 • 31 Comments
Rates Staying Low Through 2014: Look At Preferred Shares For Income
Aaron Katsman • Thu, Jan 26, 2012 • 37 Comments
Top 10 High Yield Dividend ETFs
David Fry • Mon, Dec 19, 2011 • 5 Comments
Preferred Stock ETFs: The Downside That Preferred Stock Investors Can Avoid
Doug K. Le Du • Tue, Dec 6, 2011 • 19 Comments
New iShares International Preferred ETF: Mostly Canadian
Ron Rowland • Fri, Dec 2, 2011 • 12 Comments
U.S. Preferred/Convertible ETFs: An Uncertain Future
MyPlanIQ • Wed, Nov 23, 2011 • 2 Comments
BlackRock Debuts International Preferred Stock ETF
John Spence • Fri, Nov 18, 2011
iShares Launches International Preferred Stock ETF
Michael Johnston • Thu, Nov 17, 2011
High Five: Dividend ETFs With Juicy Yields
Tom Lydon • Wed, Nov 9, 2011 • 3 Comments
Preferreds Back On The Brink
Eric Parnell • Thu, Sep 22, 2011 • 9 Comments
Search For Yield Leads To Preferred Stock ETFs
Tom Lydon • Wed, Sep 14, 2011 • 1 Comment

There are no Transcripts on PSK.

Looking for yield in all the other places

at MarketWatch.com (Sep 4, 2012)

PSK vs. ETF Alternatives

PSK Description

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.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: A Guide to Dividend ETFs
Asset Class Performance: Dividends

All
| Earnings
| Dividends
| M&A
| On the move

Saturday, May 4, 8:43 AM Do you know what's in your preferred stock ETF? The PowerShares Financial Preferred Portfolio (PGF) has nearly all holdings in perpetual preferreds - fixed yields with no maturity dates, thus particularly vulnerable to rising rates. The iShares Preferred Stock ETF (PFF) has just 45%. Mutual preferred funds, though more expensive, might offer even better protection against higher rates - they're able to participate in the OTC market where much of the action in floating-rate preferreds takes place. 4 Comments
Wednesday, February 13, 7:14 PM First Trust's new actively managed Preferred Securities and Income ETF FPE began trading Tuesday. FPE tries to generate income through holding preferred securities and income-producing debt securities, such as corporate bonds, high-yield securities and convertibles. This gives investors yield-generating options as an alternative route to the low interest rates in Treasury bonds. FPE comes with a high expense ratio of 0.85% compared to PFF (0.48%), PFXF (0.40%), SPFF (0.58%), PSK (0.45%), PGX (0.50%) and IPFF (0.55%). (PR) 1 Comment
Sunday, January 6, 8:56 AM While the preferred stock (PFF) led the income pack in 2012 with a total return of 18.2%, the current risk-reward profile isn't great, says Barclays' Shobhit Gupta, with the upside capped by the issuer call option, and significant downside if rates rise. One overlooked class for investors: Convertible Bonds (CWB). Barron's overview of the income sector. 26 Comments [Quick Ideas]
Friday, November 16, 2012, 9:48 AM Another blow against the income-seekers, Capital One (COF) announces it will redeem $3.65B of trust preferred securities. The high-cost paper is in the process of being called by most financials as it will no longer by allowed to count towards capital buffers. (PR) 3 Comments [Financials]
Wednesday, November 14, 2012, 4:26 PM Where'a an income investor to turn? Citigroup (C) calls away another series of trust preferred securities, these the 7.875% Enhanced TRUPS. Banks have been busily redeeming this high-cost paper as new rules no longer allow it to be counted in capital calculations. (PR) 1 Comment [Financials]
Monday, October 22, 2012, 1:07 PM "The fundamentals haven't changed, but the prices certainly have," says fund manager Mark Egan, explaining why he recently sold Bank of America (BAC) bonds yielding 3% that he had picked up last year when they were yielding 8%. He notes the great balance sheets of the financials mean good times for bondholders, but not so much for the owners of the common stock.
6 Comments [Financials, Quick Ideas]
Friday, October 12, 2012, 3:18 PM Don't say you weren't warned. Seventy-five percent of the preferred market is trading above par, according to BAML, and nearly the entire market is callable. 3 Comments [Financials]
Tuesday, October 9, 2012, 11:31 AM Preferred stock investors aren't happy about banks buying back their trust preferred shares before the call date and often at face value (despite them trading at premiums), but new capital rules - "a capital treatment event" - allow the lenders to do so. Bank of America (BAC), says JPMorgan's Vivek Juneja, is likely to see the biggest benefit to its bottom line. 11 Comments [Financials]
Thursday, September 27, 2012, 3:18 PM Despite preferred stocks having had a great run relative to Treasurys this year, Michael Gayed sees plenty more upside. The ratio of the preferred share ETF (PFF) to the long Treasury ETF (TLT) has moved up, but has a long way to go before getting near the levels of just 18 months ago. Comment! [Quick Ideas]
Monday, August 20, 2012, 3:49 PM The hunt for yield: A JPMorgan (JPM) plan to issue $500M in preferred stock is scrapped in favor of a $1.1B sale. The shares were priced to yield 5.5% vs. an expected range of 5.5-5.625%. The bank wrote last week (via Michael Sedacca) it was seeing evidence the search for yield was spilling over into dividend/preferred stocks. Indeed. 5 Comments [Financials]
Tuesday, August 14, 2012, 11:51 AM Yield-hungry investors grasping for supply get some, Capital One (COF) raising the amount of a preferred stock sale to $875M from $250M originally planned. The coupon is 6% and the issue is callable in 5 years. Comment! [Financials]
Monday, August 6, 2012, 5:08 PM Huntington Bancshares (HBAN) announces the redemption of $114M of trust preferred securities, the latest in a series of banks doing same as they can no longer be counted as capital. The moves have left preferred stock investors scrambling to replace the fat (and safe) yielders, pushing up the prices on what's left in the preferred arena. Preferred stocks (PFF) have smoked the Dow YTD even before dividends. 2 Comments [Financials]
Wednesday, July 18, 2012, 11:07 AM Preferred stock ETF investors frustrated by most funds' heavy exposure to financials have an alternative in Van Eck's just-launched PFXF. The fund attempts to mirror the performance of the Wells Fargo Hybrid and Preferred Securities ex-Financials Index. Comment! [Quick Ideas]
Tuesday, July 17, 2012, 3:03 PM Preferred stock investors (PFF) - currently in the enviable position of earning a sweet return as the supply of available shares dwindles - get another fund to choose from with the launch of the Global X SuperIncome Preferred ETF (SPFF), set up to track an S&P Index of the highest yielding preferreds in the U.S. and Canada. Comment! [Financials]
Thursday, July 12, 2012, 12:11 PM "There is a tremendous demand for 'quality yield' and not a lot of it," writes Annaly, noting a "dramatic shrinkage" in preferred shares is on the way. One source of reduction will be banks calling in their Trust Preferred Securities (i, ii, iii, iv) as these no longer qualify as capital under new Basel rules. Is PFF, currently yielding 5.84%, about to become more dear? 2 Comments [Financials, U.S. Economy]

O. Young Kwon
TANER Rotation Model [TRM] Momentum 10/30/2012 (Tuesday): (2) <CSJ VDC REM PSK RWR EDV> i Shares 1-3 Year Credit Bonds ETF(CSJ) <c>
10/29/12
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O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
10/29/12
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O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
10/29/12
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LATEST REPLIES

O. Young Kwon
TANER Rotation Model [TRM] Momentum 10/30/2012 (Tuesday): (2) <CSJ VDC REM PSK RWR EDV> i Shares 1-3 Year Credit Bonds ETF(CSJ) <c>
10/29/12
Reply (4)

• !Report Abuse
View all 4 replies
O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
10/29/12
• !Report Abuse
O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
10/29/12
• !Report Abuse
Add a reply...

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PSK SPDR Wells Fargo Preferred Stock ETF

PSK

SPDR Wells Fargo Preferred Stock ETF