Biotech and health care are two of the hottest sectors in which to invest. TheStreet compiled a list of the best-rated ETFs tracking the two sectors.
In trading on Tuesday, shares of Gabelli Healthcare & Wellness Trust's 5.76% Series A Cumulative Preferred Shares were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.44), with shares changing hands as low as $26.10 on the day. This compares to an average yield of 4.02% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel.
Looking at the universe of stocks we cover at Dividend Channel, on 12/10/14, Gabelli Healthcare & Wellness Trust will trade ex-dividend, for its quarterly dividend of $0.12, payable on 12/19/14. As a percentage of GRX's recent stock price of $10.67, this dividend works out to approximately 1.12%, so look for shares of Gabelli Healthcare & Wellness Trust to trade 1.12% lower — all else being equal — when GRX shares open for trading on 12/10/14.