High-Yield Floating-Rate ETFs

High-Yield Floating-Rate ETFs - TheStreet

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Floating rate bonds are a unique debt instrument that use two components to arrive at a final yield: a variable component (tied to a reference rate), and a spread. The combination of these two components is the total yield, which will fluctuate (or float) over time.

Investors that are looking to minimize interest rate risk might find a floating rate bond -- or floating rate bond ETF -- attractive. Here are several floating-rate bond ETF options (that vary in yield): iShares Floating Rate ETF, Market Vectors Floating Rate ETF and Eaton Vance Senior Floating Rate Trust.

Look to the press releases and stories below for announcements of new, high-yield floating-rate ETFs:

Floating Rate ETF News

Looking at the universe of stocks we cover at Dividend Channel, on 9/19/17, Pennantpark Floating Rate Capital will trade ex-dividend, for its monthly dividend of $0.095, payable on 10/2/17. As a percentage of PFLT's recent stock price of $14.40, this dividend works out to approximately 0.66%, so look for shares of Pennantpark Floating Rate Capital to trade 0.66% lower — all else being equal — when PFLT shares open for trading on 9/19/17.
9/15/17 10:04AM
Parker to join Highland co-founder Mark Okada overseeing firm's investment platform
9/13/17 11:00AM
-- PFFD Offers Access to the Preferred Asset Class with Low Expense Ratio--
9/13/17 10:06AM
VanEck announced today its regular distributions per share for the VanEck Vectors ® municipal income and income-oriented exchange-traded funds.
8/31/17 5:45PM
Amplify YieldShares Prime 5 Dividend ETF (Bats: PFV) (the "Fund"), an exchange-traded index fund and a series of Amplify ETF Trust (the "Trust"), announced that the Board of Trustees ("Board") of the Trust has approved...
8/23/17 4:15PM
Knowledge Leaders Capital today announced the Knowledge Leaders Developed World ETF (NYSE Arca: KLDW) marked its 2-year milestone with continued growth and outperformance.
8/15/17 10:00AM
On 8/11/17, Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 1 will trade ex-dividend, for its quarterly dividend of $0.1875, payable on 8/29/17. As a percentage of BML.
8/9/17 1:33PM