Monthly Archives - April 2020

Advice to the Advisors

Sheaff Brock Institutional Group | marble columns | value in preferred securities

Recent Events Have Led to Uncommon Value Across the Preferred Securities Market

Preferred stocks, as measured by the S&P Preferred Stock Index, were trading at their highest prices in over two years in mid-February until suffering a (36%) decline through March 19th amid the Coronavirus panic. Prices have recovered, but the index is still down substantially from the average price it has traded over the last 10 years. We believe the sell-off in these shares was the proverbial “throwing the baby out with the bathwater” type of decline and driven by a [...]