Convertible Bond/Preferred Stock ETFs


Most of these ETFs invest in preferred bonds or stocks, which has a first claim on assets and earnings than common stocks. These securities make dividend payments, which are set at issuance, along with the par value of the preferred stock. Since preferred stock pays a consistent dividend, much like a bond, but has the possibility for appreciation, like stock, it works as a middle ground for conservative investors. The downside to owning both elements is that generally, preferred stock will not pay yields as great as a bond and will not appreciate as much as a stock. These ETFs are not intended to provide great growth within an investor's portfolio, but are designed to provide income and preserve the principal balance over the investor's estimated lifespan.

B

Category Grade

This category ranks #20 out of 65 ETF categories.

A
Strong Buy

Avg. SMART Grade

The average cap-weighted SMART Grade for ETFs in this category is A (Strong Buy).


Fund Symbol/Name Last Open High Low 52-Wk Hi 52-Wk Lo Day Chg YTD Chg 12-Mo Chg AUM Exp. Ratio SMART Grade
PFF
iShares S&P US Preferred Stock Index Fund
37.75 37.65 37.91 37.55 40.34 35.89 +0.09
(0.24%)
1.45% -0.50% 16.56B 0.47% A
Strong Buy
PGX
PowerShares Preferred Portfolio
14.43 14.37 14.45 14.34 15.50 13.95 +0.06
(0.42%)
1.41% -1.64% 4.21B 0.50% A
Strong Buy
CWB
SPDR Barclays Capital Convertible Bond ETF
46.50 46.49 46.61 46.37 46.74 38.54 +0.08
(0.17%)
1.86% 15.61% 3.12B 0.40% A
Strong Buy
PGF
PowerShares Financial Preferred Portfolio
18.17 18.12 18.19 18.07 19.56 17.46 +0.02
(0.11%)
1.17% -1.20% 1.68B 0.63% A
Strong Buy
FPE
First Trust Preferred Securities and Income Fund
19.15 19.15 19.15 19.05 20.31 17.67 -0.07
(-0.36%)
0.84% 2.30% 1.52B 0.86% A
Strong Buy
VRP
PowerShares Variable Rate Preferred Portfolio
24.77 24.79 24.81 24.67 26.05 21.75 -0.03
(-0.12%)
0.65% 4.43% 928.55M 0.50% A
Strong Buy
SPFF
Global X SuperIncome Preferred ETF
12.92 12.90 12.98 12.88 13.98 11.94 -0.02
(-0.15%)
0.94% 1.49% 223.01M 0.58% A
Strong Buy
IPFF
iShares International Preferred Stock ETF
16.31 16.28 16.36 16.20 17.50 13.40 +0.10
(0.62%)
3.62% 19.49% 66.44M 0.55% A
Strong Buy
BSJN
Guggenheim BulletShares 2023 High Yield Corporate Bond ETF
26.60 26.55 26.60 26.53 26.72 23.51 +0.05
(0.19%)
0.87% 10.83% 26.35M 0.42% A
Strong Buy
ICVT
iShares Convertible Bond ETF
49.69 49.69 49.69 49.69 50.01 39.94 -0.02
(-0.04%)
2.20% 18.56% 14.62M 0.20% A
Strong Buy
PSK
SPDR Wells Fargo Preferred Stock ETF
42.73 42.81 42.96 42.59 47.67 41.35 -0.03
(-0.07%)
1.86% -3.65% 488.83M 0.45% B
Buy
PFXF
Market Vectors Preferred Securities ex Financials ETF
19.56 19.57 19.66 19.56 21.77 18.33 -0.04
(-0.20%)
1.29% 4.82% 412.16M 0.40% B
Buy
FCVT
First Trust SSI Strategic Convertible Securities ETF Dividend Date & History
26.20 26.35 26.35 26.20 29.65 22.24 -0.03
(-0.11%)
0.77% 12.64% 19.67M 0.95% NR
Not Rated
EPRF
Elkhorn S&P High Quality Preferred ETF
23.65 23.53 23.65 23.53 27.79 22.79 +0.08
(0.34%)
1.98% -5.93% N/A 0.47% NR
Not Rated

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