-
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.76)
-
BMO Laddered Preferred Share Index ETF (ZPR $12.36)
-
RBC Canadian Preferred Share ETF (RPF $24.59)
-
TD Active Preferred Share ETF (TPRF $12.57)
Q: I have a base of preferred shares ETFs to help counterbalance the tech stocks and their volatility, and these ETFs generally move very little in a day. Wednesday was an exception, with TPRF and CPD in particular, down more than 1%, and the others down quite a bit, as well. This despite the TSX and all other indices being up. Would you care to speculate what made all the preferred shares ETFs drop in tandem on Wednesday?
5i Research Answer:
CPD did go ex-dividend on Nov 19. The decline in preferred shares typically relates to rate...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in CPD.