One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren't as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) . Since its May 2018 inception, the Virtus InfraCap U.S. Preferred Stock ETF is down almost 9%.

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Persons: Jay Hatfield, we're, CNBC's, Hatfield Organizations: Infrastructure Capital, Virtus InfraCap U.S, Preferred Stock ETF, SLM Corporation, Preferred