iShares Preferred and Income Securities ETF 

PFF tracks an index of preferred stock traded on the NYSE and NASDAQ. Securities are selected by rules-based, proprietary methods and weighted by market value.

Elkhorn S&P High Quality Preferred ETF

First Trust Preferred Securities & Income ETF

First Trust Institutional Preferred Securities & Income ETF

Fidelity Preferred Securities & Income ETF

Virtus InfraCap U.S. Preferred Stock ETF

Global X U.S. Preferred ETF

InfraCap REIT Preferred ETF

Global X Variable Rate Preferred ETF

AAM Low Duration Preferred and Income Sec ETF

VanEck Preferred Securities ex Financials ETF

Invesco Financial Preferred ETF

Invesco Preferred ETF

Principal Spectrum Preferred Secs Active ETF

Pimco Preferred And Capital Securities Active ETF

SPDR Wells Fargo Preferred Stock ETF

Global X SuperIncome Preferred ETF

We take a look at the action in preferreds and baby bonds through the second week of February and highlight some of the key themes we are watching. Preferreds were flat on the week as higher Treasury yields were offset by tighter credit spreads. A high yield-to-call is not a sufficient reason to buy a given preferred.

Preferreds Weekly Review: A High Yield-To-Call Is Not Enough

We take a look at the action in preferreds and baby bonds through the fourth week of January and highlight some of the key themes we are watching. Preferred stock and baby bond market had a good week with most sectors finishing in the green. The article discusses the curious case of Aspen insurer preferred AHL.PR.C and how the coupon conversion worked on the first call date.

Preferreds Weekly Review: AHL Preferred Gets Stuck Near Libor Peak

The iShares Preferred and Income Securities ETF is a fixed income ETF focused on financials preferred equity. Financials common equity and preferred shares have rallied significantly in the past months, on the back of an easing in macro financial conditions. PFF has a 6.4% yield on a 12-month trailing basis, and 6.6% on a 30-day SEC yield basis, which are beginning to look stretched from a risk/reward perspective.

PFF: Financials Preferred Shares Are Now Stretched (Rating Downgrade)

iShares Preferred and Income Securities ETF (PFF) has returned a negative 6.65% despite adding back taxable dividends since the last article. The biggest drawback for blindly picking up the entire preferred share asset class today is the low credit spreads. We go over that and three other reasons you should consider exiting this fund.

PFF: 4 Reasons To Exit Preferred Share Fund

iShares Edge MSCI Min Vol Global ETF

Vanguard Short-Term Bond ETF

iShares Edge MSCI Min Vol Emerging Markets ETF

iShares Edge MSCI Min Vol EAFE ETF

Invesco S&P 500 High Dividend Low Volatility ETF

Invesco S&P 500 Low Volatility ETF

Utilities Select Sector SPDR Fund

Invesco S&P MidCap Low Volatility ETF

It's been a volatile few years for the stock market, and that has investors sniffing out low-volatility ETFs. Just understand their strengths and their limitations.

Best Low-Volatility ETFs for When the Market is a Roller Coaster

iShares U.S. Real Estate ETF

JPMorgan Equity Premium Income ETF

Schwab US Dividend Equity ETF

SPDR S&P Dividend ETF

SPDR S&P 500 ETF Trust

Vanguard Dividend Appreciation ETF

Dividend income can help support those in retirement, but it can also be used to simply buy more shares of stock. ETFs are essentially funds that trade like stocks.

These 7 Dividend ETFs Are a Retiree's Best Friend

Arbor Realty Trust

Gladstone Commercial

Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

KKR Real Estate Finance Trust

VanEck Mortgage REIT Income ETF

Vanguard Real Estate ETF

Preferred shares are today heavily discounted. As a result, they offer high dividend yields and upside potential. We present three of my favorite opportunities.

Yields Up To 9%: 3 Top Dividend Stocks For 2024

Nuveen Preferred & Income Term Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

I love preferred stocks because they combine several factors of both stocks and bonds to create a powerful combo equity.

Turbo-Charge Your Returns With These 3 Preferred Closed-End Funds

Preferred equities have performed poorly due to rising long-term interest rates, consistently paying around 1-2% more than long-term Treasuries. The yield of preferred equities, such as those in the PFF ETF, is not attractive compared to risk-free options like Treasury bills, which pay over 5% risk-free. There is a significant credit risk in the banking system, with many banks holding preferred equities at risk of being downgraded, leading to significant potential losses in PFF.

PFF: The 7.1% Yield Is Low When Investors Can Have 5.1% Risk-Free

Flaherty & Crumrine Dynamic Preferred & Income Fund

Nuveen Preferred & Income Opportunities Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Preferred stocks offer higher yields and greater income reliability. Today, we will discuss preferred stocks in general for those of you who are new to them, or for the old hands who might need a refresher. Higher interest rates have created a buying opportunity for preferred securities, and we provide a few picks to maximize your retirement income.

3 Preferred Stocks To Own For Your Retirement, Yields Up To 8.8%

Alexandria Real Estate Equities

AvalonBay Communities

iShares iBoxx High Yield Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

National Retail Properties

Vanguard High Dividend Yield ETF

There are lots of opportunities for income investors right now. Treasuries and bonds are attracting a lot of capital, but they are riskier than you may think. Dividend-paying stocks and ETFs offer better risk-to-reward for most income investors. Here's why.

How To Invest $100,000 For Huge, Inflation-Beating Passive Income

Realty Income Corp

For many retirees, the preservation of capital is a key focus point. Ironically, many retirees also foolishly chase after the latest fads in investing. We look at ways to generate income from lower-risk investments that far exceeds what the market typically provides.

Lower-Risk High Income, Up To 10% Yields

Invesco Variable Rate Preferred ETF

iShares Preferred and Income Securities ETF is the dominant preferred ETF with over $12.76 billion in assets under management. The Invesco Variable Rate Preferred ETF could be getting more attention due to its floating rate exposure that shows less sensitivity to rising interest rates. Both had seen their yields start to rise, but some of those gains for PFF have been reversing more recently, while VRP's payout has continued to rise.

VRP Vs. PFF: Choice Comes Down To Outlook On Rates

Preferred stocks offer higher dividend yields than common stocks, with yields of 4%, 6%, or even higher. The iShares Preferred and Income Securities ETF provides monthly dividend payouts, but its performance and dividend income have declined over time. Investing in PFF may not be a successful option for growth or income, especially for retirees on a fixed income.

iShares Preferred And Income ETF: Long-Term Loser On Income And Price

Flaherty & Crumrine Preferred Securities Income Fund Inc

John Hancock Preferred Income Fund

Is there still a chance to buy the bank dip? You bet—with nifty yields up to 9.4%!

3 Preferred Stock Funds Yielding Up To 9.4%

Blackstone Group

SPDR Bloomberg High Yield Bond ETF

Vornado Realty Trust

During this Fed tightening cycle, preferred stocks have declined significantly below par value which is normally $25. Buying preferred stocks at below par can represent an excellent total return opportunity as the current dividend yield is high relative to treasuries and other bonds. Also, there's the potential for price appreciation if the securities return to par.

Debunking The Mystery Behind REIT Preferreds

SPDR Bloomberg 3-12 Month T-Bill ETF

iShares Floating Rate Bond ETF

SPDR Bloomberg Investment Grade Floating Rate ETF

VanEck Investment Grade Floating Rate ETF

Goldman Sachs TreasuryAccess 0-1 Year ETF

iShares 0-3 Month Treasury Bond ETF

It's no secret that we are currently in a high interest rate environment. The Federal Funds rate, the benchmark rate in the U.S. set by the Federal Open Market Committee (FOMC), currently sits between the range of 5.00% and 5.25%.

Three Ways to Take Advantage of High Interest Rates

Investors can earn more yield, potentially for a longer time, with these relatively low-risk income-producing options.

Don't Cling to Cash. Check Out These Other Low-Risk Income Investments.

iShares Preferred and Income Securities ETF offers investors exposure to US preferred stocks, with a 30-day SEC yield of around 6.6% and a focus on high income. The ETF is heavily concentrated in the financial sector, with 75% of its holdings in this area, but I believe the risk of another banking crisis is low. Despite some holdings having low credit ratings, I rate PFF a Buy due to its high income and potential capital appreciation.

PFF: The Preferred Choice For Income Now And Capital Appreciation Potential Later

Preferred shares and PFF often attract investors due to their yields and attachment to blue chip names, but the implications of perpetual securities are often overlooked. Preferred shares lack the protections and structure of fixed income and are sold largely to retail investors, but it is usually the issuer who benefits most. The asymmetric return distribution of newly issued preferred shares make them not worth the risk for low return.

The Fundamental Problem With Preferred Shares And PFF

PFF is the largest, most well-known preferred shares ETF in the market today. The fund focuses on financial issuers, and so has seen sizable losses in the recent past. A look at the fund, and some of its key characteristics, follows.

PFF: Largest Preferred Shares ETF, Uncompelling Value Proposition

John Hancock Preferred Income Fund II

Nuveen Preferred & Income Securities Fund

Bank securities and preferred CEFs have been some of the livelier parts of the income market in the last few months. In some of the hysteria, however, it's easy to lose sight of the facts and misinterpret the relationship between regional banks and preferred CEFs.

The Seven Deadly Sins Of Regional Banks And Preferred CEF Investing

As anticipated, the financials-centric preferred equity ETF PFF has lost value this year due to increased bank instability. PFF carries some direct exposure to failing regional banks but is now more weighted toward large banks due to its market cap weighting.

PFF: More Banks May Fail And Bring Preferred Equities Along With Them

AGNC Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Chimera Investment

Invesco KBW Premium Yield Equity REIT ETF

New York Mortgage Trust

New York Mortgage Trust, Inc. Cum Conv Perp Red Pfd Registered Shs Series D

Ready Capital Corp

Rithm Capital Corp

The big yields in these shares will draw in many investors. Huge dividend increases may be required when floating rates kick in. We're including my largest position.

5 Dividend Yields From 7% To 16%

Credit Suisse

Flaherty & Crumrine Total Return Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

Nuveen Preferred & Income 2022 Term Fund

Nuveen Variable Rate Preferred & Income Fund

Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income OpportunityFund Inc

Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

UBS Group AG

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire

News for iShares Preferred and Income Securities ETF ETF (PFF)