PFFA is a hybrid capital security, not common stock.
This listing is a capital note, preference share, or similar instrument associated with Virtus InfraCap U.S. Preferred Stock ETF. Data providers report company-level figures against it, so fundamentals, valuation multiples, and dividend history on this page describe the issuing company — not this instrument — and its market capitalization cannot be computed reliably, so it is not shown. The quoted price is the instrument's own.


Building a $100,000 dividend snowball is foundational for financial security and passive income. I detail how I would go about doing so in today's rising rate environment. I also share some specific picks and how to allocate capital on a percentage basis to build the snowball.

Selling shares in retirement hands the market control over your income, but three ETFs built on options premiums and leveraged preferred stock flip that equation entirely, and not all of them work the same way in a taxable account.

NEW YORK, Sept. 14, 2026 /PRNewswire/ -- Infrastructure Capital Advisors, LLC (Infrastructure Capital), a leading provider of investment management solutions designed to meet the needs of income-focused investors, is excited to offer its strategies to SMArtX Advisory Solutions.

High-yielding investments that pay out cash flow monthly can be powerful passive income machines. When they are on sale and have a track record of total return outperformance, they are even more compelling. I detail two of these opportunities that are on sale right now.

Virtus InfraCap US Preferred Stock ETF is downgraded from Strong Buy to Buy, reflecting a less favorable rate environment and reduced total return ceiling. PFFA's income remains robust with a ~10% yield, but NAV has eroded ~2.7% since May due to higher long-term rates. The portfolio is rotating toward higher credit quality, sacrificing some yield (SEC yield down to ~8.78%), and supporting resilience in a late-cycle regime.

I rate the Janus Henderson AAA CLO ETF a Buy: its 5%+ yield, AAA CLO exposure, 0.13-year duration, and very low volatility are attractive while short-term rates remain elevated. I rate the Virtus InfraCap US Preferred Stock ETF a Hold: its 9.85% trailing yield and stronger historical returns are appealing, but leverage, higher rate sensitivity, and the current entry point keep me from upgrading it. The allocation decision comes down to yield versus stability: PFFA has delivered more income and stronger historical returns with much larger price swings, while JAAA sacrifices yield for a far.

The best income investments combine attractive valuations with strong underlying cash flows. We discuss two picks rich in cash flows and fundamentals, currently trading at bargain valuations. We like to get paid while waiting for value to be recognized.

Owning a rental at the current 90th percentile of the Case-Shiller index means paying peak prices for a stream of tenant checks that arrive net of taxes, insurance, vacancy, and the plumber.