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PFFA - PFFA: This Preferred Stock Fund Is Set To Shine
Virtus InfraCap U.S. Preferred Stock
2024-04-04 08:23:15 ET
Summary
Virtus InfraCap U.S. Preferred Stock ETF has performed well, only underperforming the S&P 500 by 8% in the past year.
The fund offers an attractive dividend yield of 9.47%, paid monthly.
The fund has seen considerable inflows, with $641 million flowing into the fund over the last three years.
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Not long ago, bonds and other fixed-income instruments had it pretty tough. As interest rates spiked through the Fed's historic hiking cycle, fixed income quickly turned into a bloodbath as yields on outstanding issues fell....