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The Fund seeks to replicate as closely as possible the total return of the ICE Exchange Listed Fixed & Adjustable Rate Preferred Securities Index. The Underlying Index is designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock.
Is PSK's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
SPDR ICE Preferred Securities ETF (NYSEARCA:PSK - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday. The company traded as low as $27.91 and last traded at $27.91, with a volume of 92,567 shares traded. The stock had previously closed at $28.09. SPDR ICE Preferred Securities ETF Stock Performance The
Shares of PrairieSky Royalty Ltd. (TSE: PSK - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong
The State Street SPDR ICE Preferred Securities ETF is effectively an ultra-long duration, interest rate-sensitive ETF dominated by fixed-rate, perpetual preferred securities. PSK exhibits high correlation with long-term corporate credit ETFs like VCLT, highlighting its significant duration and credit spread exposure. Inflation is in concerning areas, longstanding and persistent, all explaining genuine concern about yield levels that bode badly in terms of Fed policy for such a rate-sensitive ETF.
Bank of New York Mellon Corp cut its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 19.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,020 shares of the company's stock after selling 210,097 shares during the
State Street SPDR ICE Preferred Securities ETF has a 6%+ yield with annualized volatility below 6%, appealing for income-focused investors. PSK is heavily concentrated in financials, passively tracks a market-cap index, and maintains a diversified portfolio of over 150 holdings with low turnover. Despite the highest TTM yield among peers, PSK has underperformed on 3- and 10-year total returns, partly due to lower top-10 concentration and sector allocation.