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# PFFA: Best Among Its Preferred Share Peers (Archive)
- URL: https://www.huntingalphas.com/pffa-best-among-its-preferred-share-peers-archive/
- Published: 2025-01-21T08:09:00.000Z
- Updated: 2026-02-28T09:32:52.000Z
- Description: Actively managed, leveraged preferred ETF offering high yield but only S&P 500-like returns.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, PFFA, ETF

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Since my last 'Buy' update, PFFA has underperformed the S&P 500 but trounced other preferred share ETFs' performance on a total shareholder return basis.
- A dovish rates environment is more favorable for equities over the preferred share class. But PFFA's leverage, active management, and fixed-to-floating preferred share mix may help it outperform its peers.
- PFFA is trading close to NAV fair value and its relative technicals seem to be in a limbo state with neither a strong show by the bulls nor the bears.
- Delinquency rates in PFFA's overweight real estate sector are a key risk to monitor.
- With a 9% dividend yield, I think PFFA is one of the better high-yield investments for income-focused investors. But for investors aiming to beat the S&P 500, I can't see enough to justify a buy here.

Read the full article [here](https://seekingalpha.com/article/4750748-pffa-best-among-its-preferred-share-peers?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*