iShares Preferred & Income Sec PFF

iShares Preferred & Income Sec is an Exchange Traded Fund overseen by BlackRock, Inc. It was launched on 26 March 2007. The fund intends to monitor the performance of component securities of its benchmark, the ICE Exchange-Listed Preferred & Hybrid Securities Index.

The index tracks a carefully chosen set of US dollar-denominated preferred, hybrid, and convertible preferred securities traded on the NYSE or NASDAQ. The iShares Preferred & Income Sec invests a significant proportion of its resources in these securities that comprise its benchmark index and other securities with significantly similar economic traits. Most of the fund’s securities are from major financial institutions such as Bank of America and Wells Fargo. The iShares Preferred & Income Sec provides investors with ready access to this market of US preferred stocks, which can compete with high-yield bonds, having the combined features of common stocks and bonds. Preferred stocks both pay a set dividend and signify ownership in a company.

The top sectors in which the fund operates are financial institutions, industrial, utility, cash and/or derivatives, and agency. Its base currency is the US dollar. iShares Preferred & Income Sec is listed on the NASDAQ with the ticker PFF.

Learn more about the PFF share price performance on eToro.