My Google search yesterday for exchange-traded-fund screeners
prompted my visit to three websites: ETF Database, Charles Schwab, and TD
Ameritrade.
I thought all three screeners were excellent, but I do prefer
ETF Database’s. You’ll need to decide for yourself.
Using it, I settled on a search for an
actively managed fund that offers a portfolio of preferred stocks. Up
popped a website of special interest, with a list of preferred stocks to visit
as an alternative to choosing a portfolio of stocks, ETFs, or no-load mutual funds.
That’s how I found PGX.
It is an ETF that tracks a fixed-rate preferred securities
index and is designed “to replicate the total return of a diversified group of
investment-grade preferred securities.”
My max-year technical chart shows a five-year recovery by PGX
from the 2008+ plunge—a
recovery that has not yet attained the fund’s 2008 pre-plunge top.
My three-month PGX chart shows a
continuation of the fund’s long sideways (read whipsaw-laden) movement, leading
to the 2013 spring pullback, which in turn may be in the beginnings of a
recovery. Now could prove to be an excellent time to acquire a fund with a big future.
We’ll see.
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