Virtus InfraCap US Preferred Stock ETF offers 9.5% yield and defensive benefits amid recession fears.

The Virtus InfraCap US Preferred Stock ETF (PFFA) is recommended as a buy due to its attractive 9.5% yield and defensive structure, which is valuable amid concerns of a recession. Its diversified portfolio limits risk from any single issuer, with the largest holding at only 2.47%. While it has significant exposure to the financial sector (34.09%), preferred stocks provide seniority and more stable income compared to common stocks. PFFA has outperformed its benchmark over 1, 3, and 5 years and can serve as a portfolio hedge in market downturns, though it is not suggested as a core long-term holding.