Preferred Stock Rebound Pushing PFXF Higher
February 21, 2023 at 15:21 PM EST
Following a savage repudiation of the asset class last year amid seven interest rate hikes by the Federal Reserve, preferred stocks and the relevant exchange traded funds are on the mend in 2023. That includes the VanEck Preferred Securities ex Financials ETF (PFXF), which entered Thursday with a 9.5% year-to-date gain, good enough for slight out-performance [...] The post Preferred Stock Rebound Pushing PFXF Higher appeared first on ETF Trends .
