Preferred Stock ETF with 6% Yield Eyes Post-Crisis High
January 11, 2013 at 06:34 AM EST
The largest ETF for preferred stocks, known for their above-average yields, is trying to break out to the highest level since 2008. The iShares S&P U.S. Preferred Stock Index Fund (NYSArca: PFF) posted a total return of 18.2% in 2012 to outpace the 16% gain for the S&P 500, according to...