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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Preferred Stock ETFs Dominated by Financials |
Seeking Alpha - Sept. 7, 2010 - by Tom Lydon
Preferred stock carrying ETFs may attract investors’ attention, especially as the bond markets cool off. Preferred stocks usually have a fixed dividend and carry no voting rights, among other things.
Even though preferred stocks are listed as equity on the balance sheet, they should be viewed more like bonds than common stocks, says Todd Lebor for The Motley Fool. Preferred stock have priority over common stocks in the case of bankruptcy and with regard to dividends, but they usually don’t reap the benefits of a company’s success.
According to Wikipedia, the preferred stock is a special equity security that has properties of both an equity and a debt instrument and is generally considered a hybrid instrument. Dividend income streams are common with preferred stock as well, and the companies are prone to credit ratings. The rating for preferreds is generally lower since preferred dividends do not carry the same guarantees as interest payments from bonds and they are junior to all creditors.
You can find all of the preferred stock ETFs in our ETF Analyzer; once there, sort by yield, top holdings, performance and more. These ETFs are all above their 200-day moving average.
SPDR Wells Fargo Preferred Stock (PSK): The heaviest weighting is in financials at 31.3%; yields 3.1%.
iShares S&P US Preferred Stock Fund (PFF): Financials 89.2%; consumer discretionary 4.5%; yields 9.3%.
PowerShares Preferred Financial (PGF): The stocks in this fund are all focused on the financial sector; yields 6.9%.
PowerShares Preferred Portfolio (PGX): The majority of this fund is financials, with 87.8% of the weighting. Utilities and communications make up small portions. Yields 6.6%.
Tisha Guerrero contributed to this article.
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| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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