|Day's Range||38.7720 - 38.8500|
|52 Week Range||36.7000 - 40.3400|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.47%|
The annual “sell in May and go away” period for stocks is nearly upon us, and many investors are worried about Wall Street starting to take profits from the market’s go-go run since November. Me? I’m looking for high-quality, high-yield dividend plays that you can buy and never sell.
An active fund manager voiced concern about this preferred stock ETF, but it may be a case of much ado about nothing.
It's hardly surprising when active portfolio managers take shots at the exchange-traded funds that dominates their market. First, he points out that, even though preferreds are a small market within fixed income, PFF has grown to be one of the biggest fixed income ETFs at $17 billion. Here's the rub, as Beebe writes: Due to the dramatic growth PFF has experienced over the last 9 years, and the small market size it replicates, the PFF now holds over 10% of overall issue size of the preferreds used in the ETF.