|Bid||0.00 x 1800|
|Ask||0.00 x 1100|
|Day's Range||11.97 - 11.99|
|52 Week Range||11.65 - 12.96|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.58%|
Remember the time when the Federal Reserve was not raising interest rates? Those were the glory days for preferred stock funds. Yield-starved investors flocked to preferred stock funds in search of additional income.
Due in large part to high yields and dividend payments that are almost guaranteed, preferred stocks are popular with income investors. Over the years, exchange-traded funds (ETFs) have increased the accessibility of preferred stocks.
A common tactic among issuers of exchange-traded funds when bringing new products to market that are similar to existing funds is to undercut established rivals on fees. That is what Global X did Wednesday ...