iShares US Preferred Stock ETF (PFF) Position Trimmed by Steinberg Global Asset Management

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Steinberg Global Asset Management decreased its position in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,112 shares of the company’s stock after selling 750 shares during the quarter. Steinberg Global Asset Management’s holdings in iShares US Preferred Stock ETF were worth $380,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of iShares US Preferred Stock ETF by 4,735.8% in the third quarter. JPMorgan Chase & Co. now owns 10,871,767 shares of the company’s stock worth $403,669,000 after purchasing an additional 10,646,948 shares in the last quarter. Aozora Bank LTD. lifted its position in shares of iShares US Preferred Stock ETF by 7.6% in the fourth quarter. Aozora Bank LTD. now owns 9,025,000 shares of the company’s stock worth $308,926,000 after purchasing an additional 640,000 shares in the last quarter. BlackRock Inc. lifted its position 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 purchasing an additional 165,050 shares in the last quarter. MD Financial Management Inc. lifted its position 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 purchasing an additional 83,889 shares in the last quarter. Finally, W.E. Donoghue & Co. LLC lifted its position in shares of iShares US Preferred Stock ETF by 284.8% in the fourth quarter. W.E. Donoghue & Co. LLC now owns 1,238,958 shares of the company’s stock worth $42,410,000 after purchasing an additional 917,005 shares in the last quarter.

Shares of PFF stock opened at $36.70 on Wednesday. iShares US Preferred Stock ETF has a 12 month low of $33.26 and a 12 month high of $38.08.

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.1804 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from iShares US Preferred Stock ETF’s previous monthly dividend of $0.18.

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iShares US Preferred Stock ETF Company 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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