Preferred Stock ETF Yielding 6% Recovers After Sell-Off
June 17, 2013 at 08:44 AM EDT
The largest ETF indexed to preferred shares that pays a yield of nearly 6% has recouped some of the steep losses it absorbed when interest rates shot higher. The iShares U.S. Preferred Stock ETF (NYSEArca: PFF) has climbed back above its 200-day simple moving average after briefly falling below...
