Barclays' New Preferred ETF Hits the Market

Barclays Global Investors new ETF, the iShares S&P U.S. Preferred Stock (PFF) began trading last Friday.

This new ETF provides exposure to a diversified basket of preferred stocks. Preferred stock generally offers a higher yield than common stocks, with expected volatility and returns between common stocks and bonds. They also deliver a set, guaranteed dividend payment. This could just be the beginning of a new lineup of ETFs from Barclays.