iShares S&P/TSX Preferred ETF (CPD.TO) Buy,…

Home

Daily Stock Opinions and Ratings

iShares S&P/TSX Preferred ETF (CPD.TO)

14.36

+0.01 (0.07%)

as of Jul 27, 2026, 4:39:07 pm Market Open.

69 watching

Investor Insights

Jul 26, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

The iShares S&P/TSX Preferred ETF (CPD-T) is a prominent choice for investors focusing on preferred shares, especially in the context of the Canadian market. With a notable yield of 6.81% over one year and an impressive 34.92% over three years, this ETF has demonstrated strong performance. It primarily invests in two types of preferred shares: fixed-rate and rate resets. Given its heavier weighting towards rate-reset preferreds, this ETF offers a hedge against rising interest rates, as these instruments are designed to adjust based on current GOC 5-year bond yields. The ETF's basket approach enhances liquidity compared to individual preferred shares, making it an attractive investment option for those interested in preferreds.

Consensus

Positive

Valuation

Fair Value

Similar

HPR-T

Most recent Opinions go here

Be up to date, don't miss your chance.

BUY

This is one ETF for preferreds he uses; other providers have them, too. Typically tracks the performance of the TSX. Yield was 6.81% on 1 year, 34.92% on 3 years.

Two types of preferreds: fixed rate (as rates go up, prices go down) and rate resets (resets to a spread above the current GOC 5-year bonds).

This ETF holds more rate resets, so it's like a hedge against higher interest rates. He likes the basket approach, which is also more liquid than individual preferred shares.

BUY ON WEAKNESS

Not interested at current pricing. Waiting for interest rates to rise. Not a good time to buy.

COMMENT

The ETFs are better to go because of diversification. There is a little more upside but not a whole lot more. There will not be increases in interest rates any time soon. Rates shouldn't go much lower either. The rates should remain stable.

DON'T BUY

He generally does not like preferred shares. It has the risk of a stock and return of a bond. You also have to be concerned about rate resets versus perpetual dividends. He would prefer to sell call options against the banks. He thinks you should focus on the recovery being in the US as Canada is purely a commodity based economy and will take much longer to recover from this.

COMMENT

There is heavy financial sector exposure in the CPD ETF. They hold 35% banks, 20% insurance and 17% energy -- all are economically sensitive. You may want to hold utility preferred shares instead that operate under more of a regulated rate of return.

BUY

Adding preferred shares to bonds and GICS to a portfolio? HPR or ZPR? Great idea and either of those ETFs is fine. CPD is a basket of reset-preferreds is another idea or buy the individual preferreds like BCE or the banks. Preferreds are good to buy now because rates are so low. Preferreds are now yielding 120-200% of what 1o-year bonds are paying.

DON'T BUY

A mix of perpetual issues and resets. Makes up 10% of his portfolio. It's a Blackrock ETF loaded with rate resets and that's why it's under pressure. He's not ready to sell it--it pays a nice yield and he owns it as a hedge. But it's had a hard time lately. 10% is too much, unless interest rates come back which he doesn't expect.

BUY

ZLC The bond market has more upside so you're okay, but at some point you need to move out. Perhaps go into CPD for preferred shares, a higher yield and tax advantage.

DON'T BUY

Dividend stocks have been very volatile in Canada. Predicting where interest rates is very difficult. Every single ETF provider has one of these preferred ETFs. He wonders if there is too many retail investors chasing a vary small sector of the market. He prefers a BCE or a similar stock.

DON'T BUY

How much weight would you give to a preferred share ETF within a FI portfolio? He doesn't like preferreds. You get a return of a bond abut the risk of a stock. He prefers covered calls for income.

COMMENT

Changing from GICs and a savings account? He would suggest you buy some preferred shares. Preferred shares are undervalued relative to interest rates. You can buy this ETF. 70% of the portfolio is in floating rate preferreds, which means if interest rates rise, the value of the preferreds will hold their own because the interest they collect will rise. It pays a monthly income and has a 4.8% yield, significantly better than you would get on a bond portfolio.

SELL ON STRENGTH

A basket of preferred stocks, a lot of them being resets. He has been a net seller of the BMO version late last week. He would continue to be a seller into strength. You could buy into pullbacks. It is unlikely we will break out of the range.

COMMENT

If interest rates are going to go up (he doesn’t think that is going to happen in a big way), then reset preferreds make a lot of sense. If interest rates are going to go down, reset preferreds don’t. The BMO S&P/TSX Laddered Preferred (ZPR-T) has more reset preferreds in it, while this one is a combination of traditional type preferreds and the resets. Either one is fine right now, but he has been a net seller of these in recent weeks. If this one dips back to about $12.50, he is going to start buying again. He would be a seller above $13.

BUY ON WEAKNESS

It is a big position of his in his global dividend fund. He has been a net seller in the last couple of months. He would be nibbling away here.

COMMENT

BMO S&P/TSX Laddered Preferred (ZPR-T) or iShares S&P/TSX preferred (CPD-T)? The only difference between these 2 is that ZPR probably has a little bit more in the rate reset preferred shares, which are the shares that will do well when interest rates start to move higher. The both are very similar though. This one gives you about a 5% dividend yield, and you are basically investing in preferred shares. There is going to be some volatility in the preferred share market.

Showing 1 to 15 of 57 entries

Most Recent Experts

Lyle Stein

Forvest Global Wealth Management

Andrew Pink

LDIC

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Greg Newman

Scotia Wealth Management

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

iShares S&P/TSX Preferred ETF (CPD.TO) Frequently Asked Questions

What is iShares S&P/TSX Preferred ETF stock symbol?

iShares S&P/TSX Preferred ETF is a Canadian stock, trading under the symbol CPD.TO (previously CPD-T on Stockchase) on the Toronto Stock Exchange (CPD-CT). It is usually referred to as TSX:CPD or CPD.TO

Is iShares S&P/TSX Preferred ETF a buy or a sell?

In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on CPD.TO (previously CPD-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for iShares S&P/TSX Preferred ETF.

Is iShares S&P/TSX Preferred ETF a good investment or a top pick?

iShares S&P/TSX Preferred ETF was recommended as a Top Pick by Andrew Pink on 2026-07-24. Read the latest stock experts ratings for iShares S&P/TSX Preferred ETF.

Why is iShares S&P/TSX Preferred ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for iShares S&P/TSX Preferred ETF.

Is iShares S&P/TSX Preferred ETF worth watching?

iShares S&P/TSX Preferred ETF is followed by 69 investors on Stockchase and is a trending stock that is worth watching.

What is iShares S&P/TSX Preferred ETF stock price?

On 2026-07-27, iShares S&P/TSX Preferred ETF (CPD.TO) stock closed at a price of $14.36.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

iShares S&P/TSX Preferred ETF (CPD.TO)

Most recent Opinions go here