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home / news releases / PFFV - PFFV: Double Trouble Preferred Shares And Floating Rates - Sell


PFFV - PFFV: Double Trouble Preferred Shares And Floating Rates - Sell

2024-07-02 14:15:51 ET

Summary

  • PFFV is a Sell due to expected rate cuts, historical underperformance in autumn, and long-term investment risks.
  • PFFV consists of 55 Variable Rate Preferred Shares with below average credit quality, and it is heavily weighted to banks and financial institutions.
  • Any upside from a positive reception to the Fed Stress Test Results released last week will accrue to Common Equity holders. Holders of Preferred Shares have only downside risk.

The Global X Variable Rate Preferred ETF ( PFFV ) is a Sell for three reasons....

For further details see:

PFFV: Double Trouble, Preferred Shares And Floating Rates - Sell
Stock Information

Company Name: Global X Variable Rate Preferred
Stock Symbol: PFFV
Market: NYSE
Website: spxflow.com

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