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Top 5 ETFs to Buy in April

Building, shipping and health care funds top this month’s list

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Top 5 ETFs to Buy in April

ETF to Buy #5 – PowerShares Preferred Portfolio ETF (PGX)

The PowerShares Preferred Portfolio ETF (NYSE:PGX) invests in the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. The fund’s holdings are primarily (98%) in preferred stocks in the financial services industry.

Thus, this investment is appropriate for investors who anticipate better growth for the banks and also wish to receive a high dividend return. The distribution yield from PGX is 6.46%.

Technically a new uptrend began when prices rose through the 50-day and 200-day moving averages on Jan. 3. Note the buy signal from the stochastic and the current support from the 50-day moving average at $14.35 to the support line at $14.22.

04 12 etf pgx 300x190 Top 5 ETFs to Buy in April
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Article printed from InvestorPlace Media, http://investorplace.com/2012/04/etfs-to-buy-in-april-ess-sea-ihf-hyd-pgx/.

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