PFFA’s active management yields 10% return
PFFA’s active management and leverage delivered a ~10% yield and 32% five-year return.
The Virtus InfraCap U.S. Preferred Stock ETF makes its case against low-cost benchmarks like the Invesco Preferred ETF.
The 10-year Treasury sits at about 4.5%, near the middle of a roughly 4% to 4.7% range this year, affecting preferred shares.