10 Sub-$15 ETFs for Price-Conscious Investors

PowerShares High Yield Equity Dividend Achievers Portfolio (NYSEArca: PEY)

Current Price: $11.54

YTD: Up 19%.

Comment: PEY is useful on several fronts. The low price tag does not mean low yield as the ETF has a trailing 12-month yield of almost 3.8%. It gives investors 48% exposure to small-caps. Perhaps most important to the income investor, PEY delivers a monthly dividend.