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.

C

Category Grade

This category ranks #31 out of 65 ETF categories.

B
Buy

Avg. SMART Grade

The average cap-weighted SMART Grade for ETFs in this category is B (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
CWB
SPDR Bloomberg Barclays Convertible Securities ETF
52.09 51.69 52.10 51.65 53.73 47.03 +0.59
(1.15%)
2.94% 8.82% 4.07B 0.40% A
Strong Buy
ICVT
iShares Convertible Bond ETF
56.57 56.15 56.57 56.03 57.89 50.44 +0.77
(1.38%)
2.63% 10.40% 273.81M 0.20% A
Strong Buy
IPFF
iShares International Preferred Stock ETF
18.62 18.70 18.70 18.60 19.76 16.57 +0.12
(0.65%)
-0.16% 7.57% 101.70M 0.55% A
Strong Buy
PFF
iShares U.S. Preferred Stock ETF
37.30 37.21 37.34 37.21 39.31 36.52 +0.12
(0.32%)
-2.02% -3.52% 16.49B 0.47% B
Buy
PGX
PowerShares Preferred Portfolio
14.48 14.44 14.49 14.43 15.20 14.10 +0.05
(0.35%)
-2.56% -1.90% 5.04B 0.50% B
Buy
FPE
First Trust Preferred Securities and Income ETF ETF
19.65 19.71 19.71 19.64 20.25 19.29 -0.01
(-0.05%)
-1.80% 0.87% 3.34B 0.85% B
Buy
VRP
PowerShares Variable Rate Preferred Portfolio
25.23 25.19 25.25 25.17 26.49 24.94 +0.06
(0.24%)
-1.68% -0.94% 1.96B 0.50% B
Buy
PGF
PowerShares Financial Preferred
18.44 18.37 18.45 18.37 19.17 18.01 +0.09
(0.49%)
-2.28% -0.81% 1.56B 0.50% B
Buy
PSK
SPDR Wells Fargo Preferred Stock ETF
42.95 42.91 42.97 42.80 45.44 41.81 +0.17
(0.40%)
-2.48% -2.36% 500.53M 0.45% B
Buy
PFXF
VanEck Vectors Preferred Securities ex Financials ETF
19.14 19.00 19.14 18.98 20.27 18.60 +0.13
(0.68%)
-2.64% -4.54% 494.69M 0.40% B
Buy
SPFF
Global X SuperIncome Preferred ETF
11.95 11.94 11.96 11.91 13.27 11.70 +0.05
(0.42%)
-1.73% -9.88% 208.60M 0.58% B
Buy
BSJN
Guggenheim BulletShares 2023 High Yield Corporate Bond ETF
26.16 26.06 26.16 26.01 27.06 25.48 +0.15
(0.58%)
-0.80% -2.75% 86.16M 0.43% B
Buy
EPRF
Elkhorn S&P High Quality Preferred ETF
23.11 23.10 23.15 23.09 25.00 22.14 -0.03
(-0.13%)
-2.69% -3.22% 12.71M 0.47% B
Buy
FCVT
First Trust SSI Strategic Convertible Securities ETF
28.97 28.82 29.11 28.82 32.38 26.43 +0.25
(0.87%)
1.12% 7.38% 77.63M 0.95% C
Neutral
PFFR
ETFIS Series Trust I ETF
24.15 24.11 24.15 24.10 27.30 23.61 +0.04
(0.17%)
-5.00% -5.15% 21.75M 0.45% C
Neutral
FPEI
First Trust Institutional Preferred Securities and Income ETF
19.82 19.82 19.87 19.80 21.03 19.77 -0.04
(-0.20%)
-1.59% -0.90% 49.49M 0.85% NR
Not Rated
PREF
Principal Spectrum Preferred Securities Active ETF
98.88 98.88 98.88 98.88 101.70 98.75 0.00
(0.00%)
-1.46% -1.50% 34.99M 0.55% NR
Not Rated
PFFD
Global X U.S. Preferred ETF
24.35 24.25 24.35 24.19 26.22 23.70 +0.14
(0.58%)
-2.13% -3.18% N/A 0.23% NR
Not Rated

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