Is PVI a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

15 people get PVI articles and Market Currents by email alert.

Get email alerts on PVI »

HEADLINES:

From Stockton To Puerto Rico: What's Driving The Muni Market?
Matt Tucker • Wed, Apr 10 • 3 Comments
Muni-Bond Outlook: Expecting High Relative Volatility Due To Low Yields, Potential Tax Changes
Morningstar • Wed, Feb 27 • 2 Comments
At What Tax Rate Are Munis Attractive?
Dan Morillo • Mon, Feb 18 • 2 Comments
As the Fiscal Cliff Looms, Investors Favor Munis
Matt Tucker • Thu, Nov 1, 2012 • 8 Comments
Limited Supply May Drive Gains For Long Dated Municipal Bond Holders
Bondsquawk • Tue, Oct 2, 2012 • 2 Comments
Municipal Bonds For The Summer Season
Alpha Guru • Wed, Sep 19, 2012 • 2 Comments
Touring The Muni Bond ETF Universe
Michael Johnston • Thu, Apr 12, 2012 • 1 Comment
Simple Portfolio Building: Ultra Conservative Fixed Income
Brad Kenagy • Thu, Mar 22, 2012 • 2 Comments
Proposal To The SEC On Money Market Funds
David Merkel • Sat, Feb 25, 2012 • 20 Comments
Muni Bonds, Corresponding ETFs Off To Best Start To Year Since 1990
Tom Lydon • Fri, Feb 10, 2012 • 9 Comments
ETFs For The Capital Preservationist
Michael Johnston • Wed, Feb 1, 2012
Searching For Safe Harbor: Funds That Did Not Lose In 2008 Or 2009
StopAlerts • Thu, Sep 22, 2011 • 2 Comments
Stamps.com And 4 Other Securities To Watch This Week
Scott's Investments • Mon, Sep 12, 2011
Time to Load Up on Muni Bond ETFs?
Matt Tucker • Wed, Aug 3, 2011 • 1 Comment
32 Mid Caps With Sales and EPS Declining in 2012
Rash Menaria • Tue, Apr 12, 2011 • 1 Comment
U.S. State and Local Governments Facing Unprecedented Fiscal Strains; Outlook Remains Negative
Research Recap • Thu, Mar 17, 2011
PowerShares Goes to Mexico
Michael Johnston • Thu, Mar 17, 2011
The Looming Muni-Bond Meltdown: Profit From the Collapse - And From the Rebound
Shah Gilani • Thu, Mar 3, 2011 • 51 Comments
Muni Bonds: Modest Recovery Underway
Kurt Brouwer • Thu, Feb 17, 2011 • 8 Comments
No End in Sight for Muni Bond Flight
optionMONSTER • Thu, Feb 10, 2011

To learn more about Seeking Alpha Pro, click here.

SSgA Files for VRDO Muni Bond ETF
IndexUniverse • Thu, Apr 16, 2009 • 2 Comments

From Stockton To Puerto Rico: What's Driving The Muni Market?
Matt Tucker • Wed, Apr 10 • 3 Comments
Muni-Bond Outlook: Expecting High Relative Volatility Due To Low Yields, Potential Tax Changes
Morningstar • Wed, Feb 27 • 2 Comments
At What Tax Rate Are Munis Attractive?
Dan Morillo • Mon, Feb 18 • 2 Comments
As the Fiscal Cliff Looms, Investors Favor Munis
Matt Tucker • Thu, Nov 1, 2012 • 8 Comments
Limited Supply May Drive Gains For Long Dated Municipal Bond Holders
Bondsquawk • Tue, Oct 2, 2012 • 2 Comments
Municipal Bonds For The Summer Season
Alpha Guru • Wed, Sep 19, 2012 • 2 Comments
Touring The Muni Bond ETF Universe
Michael Johnston • Thu, Apr 12, 2012 • 1 Comment
Simple Portfolio Building: Ultra Conservative Fixed Income
Brad Kenagy • Thu, Mar 22, 2012 • 2 Comments
Proposal To The SEC On Money Market Funds
David Merkel • Sat, Feb 25, 2012 • 20 Comments
Muni Bonds, Corresponding ETFs Off To Best Start To Year Since 1990
Tom Lydon • Fri, Feb 10, 2012 • 9 Comments
ETFs For The Capital Preservationist
Michael Johnston • Wed, Feb 1, 2012
Searching For Safe Harbor: Funds That Did Not Lose In 2008 Or 2009
StopAlerts • Thu, Sep 22, 2011 • 2 Comments
Stamps.com And 4 Other Securities To Watch This Week
Scott's Investments • Mon, Sep 12, 2011
Time to Load Up on Muni Bond ETFs?
Matt Tucker • Wed, Aug 3, 2011 • 1 Comment
32 Mid Caps With Sales and EPS Declining in 2012
Rash Menaria • Tue, Apr 12, 2011 • 1 Comment
U.S. State and Local Governments Facing Unprecedented Fiscal Strains; Outlook Remains Negative
Research Recap • Thu, Mar 17, 2011
PowerShares Goes to Mexico
Michael Johnston • Thu, Mar 17, 2011
The Looming Muni-Bond Meltdown: Profit From the Collapse - And From the Rebound
Shah Gilani • Thu, Mar 3, 2011 • 51 Comments
Muni Bonds: Modest Recovery Underway
Kurt Brouwer • Thu, Feb 17, 2011 • 8 Comments
No End in Sight for Muni Bond Flight
optionMONSTER • Thu, Feb 10, 2011

There are no Transcripts on PVI.

There are no News articles on PVI.

PVI vs. ETF Alternatives

PVI Description

The PowerShares VRDO Tax-Free Weekly Portfolio (Fund) is based on the Thomson Municipal Market Data VRDO Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to track the performance of a pool of tax-exempt Variable Rate Demand Obligations (VRDOs) issued by municipalities in the United States on which the yields generally reset on a weekly basis. VRDOs are high-quality, floating-rate bonds that provide investors with tax-exempt income. VRDOs are generally purchased at par. When they are put back to an investment dealer, the investor generally receives par plus accrued interest.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Broad U.S. Bond ETFs, A Guide to Municipal Bond ETFs and Closed-End Funds
Asset Class Performance: Bonds

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 12:30 PM The hot market for corporate junk (HYG, JNK) has pushed the yield on high-yield corporates (4.88%) well below that of high-yield municipals (5.22% nominally, over 8% on a tax-equivalent basis). The nominal spread of 34 bps is down from 56 bps a week ago as investors take notice of the anomaly. High-yield muni ETFs: HYD, HYMB, XMPT. 3 Comments
Friday, May 17, 3:55 PM The bear market in gold (GLD, IAU) has left three closed-end funds trading at abnormally large discounts to NAV, says Morningstar's Cara Esser: GTU, CEF, and PHYS. Likewise, a small selloff in municipal (MUB) paper has left these muni CEFs at attractive values: NXR, MYD, NXP. 2 Comments [Quick Ideas]
Thursday, May 16, 1:28 PM Fund managers like BlackRock (BLK) and Legg Mason (LM) get ahead of what could be a "seismic reallocation of assets" by launching "ultra-short" funds with floating NAVs ahead of new money market regulations. These funds are different than the "ultra-short" funds which ran into trouble in 2008 in that their maturities are even shorter and they can only invest in high-grade debt. Somewhat similar ETF offerings: SHV, MINT, BIL, PVI, GSY, VRD, RAVI. 1 Comment [Financials]
Tuesday, May 7, 9:39 PM While fears of widespread defaults in the municipal bond (MUB) market (perpetuated in December of 2010 by Meredith Whitney) have so far proven overblown, Moody's says a disturbing trend seems to be developing. Although only five defaults were recorded in 2012, that's more than four times the average yearly rate logged from 1970 to 2007. Perhaps the most notable thing about last year's five defaults: three of them were general government defaults as opposed to defaults on bonds tied to specific projects. The historical average for general government muni defaults: 1 every 4.3 years. 4 Comments
Tuesday, April 23, 9:29 AM Forecasts of "Armageddon" for the the municipal bond market (MUB) are terribly misguided, writes Randall Forsyth. Higher rates? Variable rate financing is only a small fraction of the market, and any increase would come from rock-bottom levels. Recent bankruptcies? They get a lot of headlines, but last year accounted for just 1% of all obligations. This year, just 0.6%. Comment! [U.S. Economy]
Tuesday, April 23, 5:53 AM San Bernardino's council has passed a budget that will allow the bankrupt Californian city to restart $1.2M in biweekly employer contributions to Calpers while continuing to renege on its commitments to its other creditors, including bondholders. Along with Stockton, San Bernardino represents a test case over who should get paid first when a municipality goes bankrupt - the public employees or the bondholders. (previous) 4 Comments [Global & FX, Top Stories, U.S. Economy]
Thursday, April 18, 1:34 PM A butterfly flaps its wings in California? Tiny Canyon Lake (pop. 11K) notifies CalPERs it wants out of the pension plan, and says it's ready to pay a termination fee to do so. Behind the decision is CalPERs' recent approval of a 50% rise in employer contributions over the coming years. "How many cities might opt out," says a bankruptcy attorney. "The issue here for CalPERs is if Canyon Lake becomes a trend." Comment! [U.S. Economy]
Friday, April 12, 2:46 AM San Bernardino in California has proposed restarting bimonthly $1.2M employer contributions to Calpers almost a year after the city suspended the payments, although it will continue to renege on its commitments to other creditors, including bondholders. The decision highlights the battle over who should take most of the pain when a city goes bankrupt - the bondholders or the public servants. Comment! [U.S. Economy, Global & FX, Top Stories]
Tuesday, April 2, 10:00 AM Skittish municipal bond investors have driven the MUB below its NAV for more than two weeks - the longest stretch since the panicky period of August 2011. BAML sees opportunity noting munis have lost in March for 5 straight years as many investors sell holdings or avoid buying leading ahead of April 15 to help make tax payments. Comment! [Financials]
Monday, April 1, 3:41 PM In a blow to municipal bondholders, a judge rules Stockton, CA eligible for bankruptcy protection. The ruling let's stay the city's decision to keep pensions intact while imposing losses on those holding the town's paper. Jefferson County, AL and San Bernardino, CA - along with other municipalities - are watching closely. Bond insurer Assured Guaranty (AGO) slides 3.3%. 16 Comments [U.S. Economy]
Thursday, March 28, 1:21 PM A "perfect storm" of seasonal weakness combined with investors shifting money into stocks has opened up opportunity in the municipal closed-end sector, says Jeff Margolin. Muni CEFs fell 4.5% earlier this month even as NAVs declined just 0.5%, leaving the average CEF trading at a 1.1% discount to NAV vs. what has been a 3.2% premium. Comment! [Financials]
Wednesday, March 27, 4:56 AM A federal judge is due to hear closing arguments today about whether Stockton in California should be allowed to file for bankruptcy protection. The main is issue is whether the city can continue paying into the Calpers pension fund while forcing losses on bondholders. The case is being widely watched, with Alabama's Jefferson County and California's San Bernardino also considering breaking with the long-standing practice of meeting obligations to bondholders. 9 Comments [Global & FX, U.S. Economy]
Thursday, March 21, 9:24 AM iShares adds to its existing lineup of Target Date S&P Municipal Series. MUAG tracks an investment grade muni bond index comprised exclusively of issues maturing in 2018. Its expense ratio of 0.30% is in line with other iShares target date series ETFs, but higher than other municipal ETFs TFI (0.20%), MUB (0.25%), PRB (0.24%), NYF (0.25%). Comment!
Wednesday, March 13, 10:12 AM Trying to turn back coming regulation, Fidelity throws its support behind "liquidity gates" and fees on money-market funds during times of market stress. The proposed model would temporarily halt redemptions should liquid assets fall below a certain level. Should liquidity continue to decline, a 1% redemption fee would be imposed. Short-duration ETFs (SHV, MINT to name two) are sounding better and better. Comment! [Financials, U.S. Economy]
Tuesday, March 12, 2:43 PM The MUB falls for a 7th straight session - now testing its 200-day moving average for the first time in 2 years. Municipals got beat up in late 2012 when it was rumored their tax-exempt status was to be served up as part of a budget deal. The scare subsided, but Morgan Stanley still sees a 30% chance of that happening. MUB -3.4% since the election. 6 Comments
Tuesday, March 12, 5:02 AM Illinois has become only the second state to be accused of securities fraud, with the SEC saying that it misled bond investors from 2005-2009 about the ever-worsening condition of its public workers' retirement plans by claiming that it was properly funding the scheme when it wasn't. However, while Illinois has agreed to a cease-and-desist order, it has escaped any fines and it hasn't had to admit any wrongdoing. (PR) 9 Comments [Global & FX, U.S. Economy]

PVI PowerShares VRDO Tax-Free Weekly Portfolio ETF

PVI

PowerShares VRDO Tax-Free Weekly Portfolio ETF