State Street SPDR ICE Preferred Securities ETF · Financial Services

Greenberg Financial Group acquired a new stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,300 shares of the company's stock, valued at approximately $675,000. Greenberg Financial Group owned approximately 0.09% of SPDR ICE Preferred Securities

State Street SPDR ICE Preferred Securities ETF faces heightened risks due to its high financial sector concentration and effective duration exposure. Rising yields across the curve and reinflation risks threaten the debt component of PSK, putting into question its relative resilience. Equity exposures in PSK, mainly financials, are vulnerable to higher debt costs and macroeconomic pressures, adding downside risk.

PrairieSky Royalty Ltd. (TSE: PSK - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$29.04 and traded as high as C$31.63. PrairieSky Royalty shares last traded at C$31.51, with a volume of 557,734 shares trading hands. Wall Street Analysts

Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK - Get Free Report) saw strong trading volume on Friday. 286,268 shares changed hands during trading, an increase of 141% from the previous session's volume of 118,670 shares.The stock last traded at $31.84 and had previously closed at $32.02. SPDR ICE Preferred Securities ETF Price Performance

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.

Shares of PrairieSky Royalty Ltd. (TSE: PSK - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.
The State Street SPDR ICE Preferred Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index (the "Index")Seeks to provide exposure to preferred securities that are non-convertible, have a par amount of $25, and maintain a minimum par value of $250 millionThe Index holdings are required to be rated investment grade by either Moody's Investors Service, Inc. or S&P Global Ratings.
Financial Services
Asset Management
2009-09-17
1.08
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