PGX - Preferred Stock ETFs: Is It Time To Buy PFF PGX Or PFXF?
Investment Thesis
When I first started investing, a chance conversation with a friend introduced me to the concept of preferred stock, that strange hybrid security possessing qualities of both stocks and bonds. Like many income-oriented investors, I was drawn to the promise of high yields, low volatility, and inexpensive shares. As I began looking into preferred stocks, however, I found that shares tended to trade in much lower volumes and in larger blocks than the common stock shares with which I was more familiar. As a result, I decided to look into preferred stock ETFs,