ETF Quote Details
|NAV (month end)||17.62|
|Premium (+)/Discount (-) (month end)||+0.03|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$1.12 (6.34%)|
This is a market capitalization weighted index designed to track the performance of preferred securities issued in the U.S. market by financial institutions & this Index is currently comprised of preferred securities of approximately 30 financial institutions that have received an industrial sector classification of financial from the Bloomberg Professional Service.
It is based on the Wells Fargo Hybrid & Preferred Securities Financial Index. It invests at least 90% of its assets in preferred securities that comprising the Index which tracks the performance of US-listed securities issued by financial institutions. The Index is rebalanced monthly.