PFF - PFF: High-Quality Income When You Need It Most

Investment Thesis

In the summer of 2019, I wrote two articles for Seeking Alpha in which I examined six of the most popular preferred stock ETFs. In the first of those articles, I took a look at the Invesco Preferred Portfolio ETF (PGX), the iShares U.S. Preferred ETF (NYSE: PFF), and the VanEck Vectors Preferred Securities ex Financials ETF (PFXF). In response to a lively discussion in the comments of that article, I penned a second article in which I looked at another three preferred stock ETFs that, in

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