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Walmart's New Health Food Push: Is It Too Hard to Swallow?"Preferred stock has been much in the news over the past 18 months, primarily as the favorite way for cash-strapped banks to raise new capital," explains Mark Salzinger.
In The Investor's ETF Report, he says, "These unusual securities are popular because they offer high yields and have a higher position in corporate credit structure than common stock." Here, he offers a pair of favored ETFs that invest in preferred shares.
"We caution that preferred stocks also have significant drawbacks that dampen their appeal. Apreferred stock is really more like a fixed-income instrument than an equity security.
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