Bank Rally Lifts Preferred Stock ETFs
January 06, 2012 at 07:17 AM EST
The financial sector’s rally to start the year has provided a boost to exchange traded funds tracking preferred stock, which already pay hefty yields. The $7.2 billion iShares S&P U.S. Preferred Stock (NYSEArca: PFF) has jumped nearly 4% over the past week. The ETF is yielding about 7%. [Search...