Now that savings CD and money market yields have followed the fed rate so low, I'm looking for other places to park money that I don't want to risk in equities. Historically, PVI has had better yield and has been even more stable than the short term treasury SHY. How has it stayed so stable when other muni bond funds have lost?
I have no idea how "they" do it. I've owned this for a while and while a little scared during October, was amazed to see it only slightly dip to $24.88. The peridividend price even dips less than the dividend. Please don't publicize this ETF too much!
I wish I knew the answer to this question. The price has been very stable. There is a story in the Barrons that came out this weekend about the troubles in the VRDO market, but it doesn't mention PVI and I could not really figure out if these problems will directly affect the stock price of PVI.