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Stock impact report

Fed rate cuts should favor preferred stocks, Virtus money manager says [CNBC]

Energy Transfer LP Common Units (ET) 
Last energy transfer lp common units earnings: 2/19 04:10 pm Check Earnings Report
US:NYSE Investor Relations: about.etrade.com/index.cfm
Company Research Source: CNBC
Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) . He leads the company's investing and business development. “High yield bonds and preferred stocks … tend to do better than other fixed income categories when the stock market is strong, and when we're coming out of a tightening cycle like we are now,” he told CNBC's “ ETF Edge” this week. Hatfield's ETF is up 10% in 2024 and almost 23% over the past year. His ETF's three top holdings are Regions Financial SLM Corporation , and Energy Transfer LP as of Sept. 30, according to FactSet. All three stocks are up about 18% or more this year. Hatfield's team selects names that it deems are mispriced relative to their risk and yield, he said. “Most of the top holdings are in what we call asset intensive businesses,” Hatfield said. Since its May 2018 inception, the Virtus InfraCap U.S. Preferred Stock ETF is down almost 9%. Show less Read more
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