In this post , (first chart below) I discussed PFF, the ETF that invests in “preferred stocks with high dividend yields.” For investors looking for some yield and appreciation, PFF may be boring to some, yet it continues to deliver.
Below is an update to PFF, as it is testing rising support.
Check out the comparison box in the lower right of the second chart…500 index is back into positive territory, yet PFF is up over 8% on the year, with the MAJORITY of the gain taking place after the breakout at (1). This gain doesn’t even factor in the dividend (currently is above 6%).
Put a stop on the position, should PFF break support.