iShares US Preferred Stock ETF (NASDAQ:PFF) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 0.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,760,362 shares of the company’s stock after selling 499 shares during the period. Commonwealth Equity Services LLC owned approximately 0.43% of iShares US Preferred Stock ETF worth $64,341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in iShares US Preferred Stock ETF by 5.4% in the first quarter. Wells Fargo & Company MN now owns 7,206,775 shares of the company’s stock worth $263,408,000 after purchasing an additional 366,399 shares during the period. BlackRock Inc. lifted its stake in shares of iShares US Preferred Stock ETF by 4.0% in the fourth quarter. BlackRock Inc. now owns 4,340,258 shares of the company’s stock worth $148,566,000 after buying an additional 165,050 shares in the last quarter. MD Financial Management Inc. lifted its stake in shares of iShares US Preferred Stock ETF by 2.5% in the fourth quarter. MD Financial Management Inc. now owns 3,481,179 shares of the company’s stock worth $119,161,000 after buying an additional 83,889 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares US Preferred Stock ETF by 20.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,113,801 shares of the company’s stock worth $77,259,000 after buying an additional 361,097 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of iShares US Preferred Stock ETF in the first quarter worth approximately $49,695,000.

Shares of NASDAQ PFF traded up $0.03 during midday trading on Friday, hitting $36.86. The stock had a trading volume of 3,275,632 shares, compared to its average volume of 3,378,386. The firm’s 50 day moving average is $36.66. 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 Friday, June 7th. Investors of record on Tuesday, June 4th were given a dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 5.43%.

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.

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Institutional Ownership by Quarter for iShares US Preferred Stock ETF (NASDAQ:PFF)

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