SPDR ICE Preferred Securities ETF (PSK)
ARCA ARCA Primary Summary
PSK Chart
PSK: Not A Good Time For Preferred Stocks In My Opinion
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.
PrairieSky Royalty Provides Torque On Oil Prices, But Is Not Cheap
PrairieSky Royalty offers high-margin, low-capex exposure to Western Canadian oil and natural gas prices. Despite 3% production growth in 2025, PSK's earnings were pressured by lower realized oil and NGL prices, with EPS down to C$0.87. PSK trades at ~21x FY 2025 FFO, with significant torque to higher commodity prices but remains expensive even with optimistic scenarios.
PSK Keeps Underperforming Competitors
SPDR® ICE Preferred Securities ETF (PSK) receives a renewed 'Sell' rating due to persistent underperformance versus peers. PSK's portfolio is 66.7% weighted to financial issuers, heightening systemic risk. PSK's share price has dropped 20% since 2009, and distributions declined 9.6% in 10 years.
SPDR ICE Preferred Securities ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PB Patricia Buchholtz ECLECTIC ASSOCIATES Inc. /ADV | 11,794 | $397,063.03 | $359,304.21 | -$37,758.82 | -9.51% |
| JTK Joel T. Koehneman CNO Financial Group Inc. | 700,000 | $31.09M | $21.32M | -$9.77M | -31.42% |
 Austin Private Wealth Austin Private Wealth LLC | 8,201 | $264,286.53 | $249,802.46 | -$14,484.07 | -5.48% |
 Jeff Ameen Spire Wealth Management | 26 | $801.84 | $790.76 | -$11.08 | -1.38% |
| JNM Jay Nelsen Myers Treynor Bancshares Inc. | 8,413 | $316,261.05 | $256,133.78 | -$60,127.27 | -19.01% |
SPDR ICE Preferred Securities ETF (PSK) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has SPDR ICE Preferred Securities ETF ever had a stock split?
SPDR ICE Preferred Securities ETF Profile
| ARCA Exchange | US Country |
Overview
The company in question operates within the financial sector, focusing on investment management with a specific emphasis on tracking the performance of a designated index. To achieve this objective, the company's adviser employs a sampling strategy, a method which involves selecting a representative subset of the index to invest in, instead of replicating the index in its entirety. This approach allows for efficient management of resources whilst striving to mirror the index's performance as closely as possible. The company commits to investing at least 80% of its total assets directly into the securities that make up the index. This index, which the company seeks to track, is characterized by its focus on non-convertible preferred stocks and securities that serve a functionally equivalent role, such as preferred stocks, including various forms of debt securities. The intention behind this specialized index is to gauge the performance of these specific financial instruments, offering investors unique exposure to the preferred stock market segment.
Products and Services
The company offers dedicated financial products and services aimed at individuals or entities interested in investing in the non-convertible preferred stock market. Below is a breakdown of their primary offerings:
- Preferred Stock Index Tracking: The cornerstone of the company's offerings, this service involves tracking an index that measures the performance of non-convertible preferred stocks and similar securities. It's designed for investors looking to invest in a diversified portfolio of preferred stocks without the need to individually select each security.
- Sampling Strategy Investment: The company employs a sampling strategy to manage its investments, meaning it selects a representative subset of the index rather than mirroring the entire index. This allows for potentially more efficient management and cost savings, which could benefit investors through better performance and lower fees.
- Senior and Subordinated Debt Instruments: Beyond non-convertible preferred stocks, the company's investment focus includes a range of debt instruments, such as senior and subordinated debt. This offers investors an opportunity to diversify their portfolio with fixed-income securities that have a hierarchical ranking in terms of claims on assets and earnings.
