PGX - PFXF's 5% Yield Is Tempting But I Will Pass For Now

Investment Thesis

Back in July, 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 considered the VanEck Vectors Preferred Securities ex Financials ETF (PFXF) alongside two of its competitors. In this article, I would like to revisit PFXF to take a closer look at what remains an intriguing opportunity for investors looking to add a preferred stock ETF to their portfolios.

Why Invest in Preferred Stock?

Preferred stock is a rather unique type of equity

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