PAAA: Newer AAA CLO ETF, Competitive Yield, Stable Share Price
Source: SeekingAlpha
2025-01-18 01:57:44 ET
Summary
- PAAA is a newer ETF investing in AAA-rated CLOs.
- Default rates for these securities are zero. Dividends are good, with a 5.9% yield.
- Despite potential Fed cuts, PAAA's yield should remain competitive, trading at a 1.0% - 1.5% spread to t-bill rates.
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PAAA: Newer AAA CLO ETF, Competitive Yield, Stable Share Price
PGIM AAA CLO ETF
NASDAQ: PAAA
PAAA Trading
-0.01% G/L:
$51.27 Last:
571,790 Volume:
$51.29 Open:
