By Market News Video Staff, Monday, October 11, 7:33 AM ET
The PowerShares Preferred Portfolio (AMEX:PGX) is based on an index that is designed to replicate the total return of a diversified group of investment-grade preferred securities.
With a market value of over $1.3 billion, and top holdings such as preferreds from Barclays PLC (NYSE:BCS), HSBC Holdings (NYSE:HBC), JP Morgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and Morgan Stanley (NYSE:MS), this ETF is the highest yielding equity-based ETF according to ETFChannel.com's High Yield ETF Toplist.
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