Most banks offer preferred shares that yield upwards of 5% and have virtually no volatility, why aren't preferred shares talked about more?

For yield chasing conservatives investors, it would seem preferred shares are a golden ticket for the higher yields of bonds in the past but with virtually no risk or volatility. Yet it seems most preferred shares are owned by institutional investors rather than retail ones, even though they seem to be highly attractive and make for a favourable safe investment

JPM has a 6.15% yielding preferred share https://www.preferredstockchannel.com/symbol/jpm.prf/

Am I missing something here?

Submitted December 25, 2019 at 07:23PM by nothrowaway4me https://ift.tt/379InEO