Zacks Preferred Income ETF (PRIZ)

The Zacks Preferred Income ETF is an exchange-traded fund associated with Zacks Investment Management, the Chicago-based asset manager affiliated with Zacks Investment Research.

As its name indicates, the fund focuses on preferred securities, a hybrid asset class that sits between common stock and bonds in a company's capital structure. Preferred shares typically pay fixed or floating dividends and are issued heavily by banks, insurers, utilities and real estate companies, so funds in this category often have significant exposure to the financial sector.

The fund trades on NYSE Arca under the ticker PRIZ, and its objective centers on generating income from a portfolio of preferred and related income-producing securities.