Guidant Wealth Advisors Lowers Position in iShares US Preferred Stock ETF (PFF)

Guidant Wealth Advisors trimmed its holdings in iShares US Preferred Stock ETF (NASDAQ:PFF) by 33.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,725 shares of the company’s stock after selling 45,017 shares during the period. iShares US Preferred Stock ETF accounts for about 1.4% of Guidant Wealth Advisors’ investment portfolio, making the stock its 23rd largest position. Guidant Wealth Advisors’ holdings in iShares US Preferred Stock ETF were worth $3,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Csenge Advisory Group bought a new stake in shares of iShares US Preferred Stock ETF in the third quarter worth $72,000. Canton Hathaway LLC acquired a new position in shares of iShares US Preferred Stock ETF during the third quarter valued at $111,000. Mascoma Wealth Management LLC boosted its holdings in shares of iShares US Preferred Stock ETF by 214.5% during the third quarter. Mascoma Wealth Management LLC now owns 3,145 shares of the company’s stock valued at $117,000 after acquiring an additional 2,145 shares during the period. Mainstay Capital Management LLC ADV boosted its holdings in shares of iShares US Preferred Stock ETF by 700.0% during the third quarter. Mainstay Capital Management LLC ADV now owns 3,200 shares of the company’s stock valued at $119,000 after acquiring an additional 2,800 shares during the period. Finally, Whitener Capital Management Inc. acquired a new position in shares of iShares US Preferred Stock ETF during the third quarter valued at $189,000.

Shares of NASDAQ PFF traded up $0.07 during midday trading on Friday, reaching $35.50. 51,637 shares of the company traded hands, compared to its average volume of 4,624,103. iShares US Preferred Stock ETF has a 52 week low of $33.26 and a 52 week high of $38.08.

The business also recently disclosed a monthly dividend, which was paid on Monday, December 24th. Investors of record on Wednesday, December 19th were paid a dividend of $0.2576 per share. This is a boost from iShares US Preferred Stock ETF’s previous monthly dividend of $0.16. This represents a $3.09 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend was Tuesday, December 18th.

COPYRIGHT VIOLATION NOTICE: “Guidant Wealth Advisors Lowers Position in iShares US Preferred Stock ETF (PFF)” was first published by Fairfield Current and is owned by of Fairfield Current. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.fairfieldcurrent.com/news/2019/01/18/guidant-wealth-advisors-lowers-position-in-ishares-us-preferred-stock-etf-pff.html.

iShares US Preferred Stock ETF Profile

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.

See Also: Why do corrections happen?

Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares US Preferred Stock ETF (NASDAQ:PFF).

Receive News & Ratings for iShares US Preferred Stock ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for iShares US Preferred Stock ETF and related companies with MarketBeat.com’s FREE daily email newsletter.