After getting pummeled in the swift market correction, preferred stock exchange traded funds have staged a comeback as investors seeking attractive yields and low valuations pounce on the ETFs.

On Monday, bank preferred stocks experienced their worst single-day sell-off since 2009, with big losers like Bank of America (NYSE: BAC) seeing common shares down 20% during trading, reports Andrew Bary for Barron’s.

However, while there is lingering concern over the banking system, the bank-preferred market is beginning to show some lucrative yields, again.

The largest ETFs in the category include PowerShares Financial Preferred (NYSEArca: PGF), PowerShares Preferred (NYSEArca: PGX), SPDR Wells Fargo Preferred Stock (NYSEArca: PSK) and iShares S&P U.S. Preferred Stock (NYSEArca: PFF).

The iShares ETF had a 12-month yield of 7.3% as of July 29, according to manager BlackRock. [Preferred Stock ETF Primer]

PowerShares Financial Preferred

For more information on preferred stocks, visit our preferred stock category.

Max Chen contributed to this article.

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