Preferreds Up 100%, On Verge of Breakout

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 |  About: iShares U.S. Preferred Stock ETF (PFF)
by: Bespoke Investment Group

After getting absolutely crushed in 2008 and the first part of 2009, preferred stocks have made a nice comeback. Below is a chart of the iShares S&P US Preferred Stock Index ETF (NYSEARCA:PFF). Since bottoming in March, PFF is up 106.71% and is trying to break out from its January highs.

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Click to enlarge