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Stelac Advisory Services LLC purchased a new stake in iShares US Preferred Stock ETF (NASDAQ:PFF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,500 shares of the company’s stock, valued at approximately $222,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in PFF. MCF Advisors LLC raised its stake in shares of iShares US Preferred Stock ETF by 159.5% in the 4th quarter. MCF Advisors LLC now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 477 shares in the last quarter. TD Capital Management LLC grew its holdings in shares of iShares US Preferred Stock ETF by 336.7% during the 4th quarter. TD Capital Management LLC now owns 856 shares of the company’s stock worth $29,000 after purchasing an additional 660 shares in the last quarter. Ruggie Capital Group acquired a new stake in iShares US Preferred Stock ETF in the 4th quarter valued at $32,000. Intercontinental Wealth Advisors LLC acquired a new stake in iShares US Preferred Stock ETF in the 4th quarter valued at $55,000. Finally, We Are One Seven LLC acquired a new stake in iShares US Preferred Stock ETF in the 4th quarter valued at $57,000.
Shares of PFF stock traded up $0.19 on Monday, reaching $36.15. 2,390,415 shares of the stock were exchanged, compared to its average volume of 4,052,369. iShares US Preferred Stock ETF has a one year low of $33.26 and a one year high of $38.08.
The firm also recently announced a monthly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, February 4th were paid a $0.1694 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $2.03 dividend on an annualized basis and a yield of 5.62%.
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About iShares US Preferred Stock ETF
iShares U.S. Preferred Stock ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results, which correspond to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index (the Underlying Index). The Underlying Index measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (NYSE), NYSE Arca, Inc (NYSE Arca), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market.
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