Largest Preferred ETF ‘PFF’ is Getting a New Index

MarketsETF Trends

This article was originally published on ETFTrends.com.

The iShares S&P US Preferred Stock Fund (NASDAQ: PFF), the largest exchange traded fund dedicated to preferred stocks, is getting a new index. Preferred stocks are a type of hybrid security that show bond- and equity-like characteristics. The shares are issued by financial institutions, utilities and telecom companies, among others. Within the securities hierarchy, preferreds [...]

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