An investor could decide that the SPDR Dow Jones Industrials Trust ( DIA) is a safe way to get back in. However, it would be more sensible to wait for DIA to pull back to its 50-day moving average for an increment. That's roughly a 4.2% pullback from current levels. In truth, the only investments that intrigue me at the moment are those that are closer to that 50-day moving average and those with above-average yields that might offset a larger-than-anticipated pullback. Think GlobalX SuperDividend ( SDIV). This exchange-traded fund tracks an equal-weighted index of 100 of the highest yielding securities across the globe, largely from Australia and the U.S. SDIV pays out monthly at an annualized distribution yield that is approximately 7.8%. Keep in mind, SDIV is heavily allocated to REITs and telecom. You can listen to the ETF Expert Radio Show "LIVE", via podcast or on your iPod. Follow @ETFexpertThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares US Preferred Stock ETF where we have detected an approximate $129.7 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 309,350,000 to 312,600,000). Among the largest underlying components of PFF, in trading today HSBC Holdings plc is trading flat, Deutsche Bank AG is up about 2.5%, and Wells Fargo & Co.