Mid Atlantic Financial Management Inc. ADV Cuts Holdings in iShares US Preferred Stock ETF (PFF)

Mid Atlantic Financial Management Inc. ADV lowered its position in iShares US Preferred Stock ETF (NASDAQ:PFF) by 21.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 237,680 shares of the company’s stock after selling 63,328 shares during the period. iShares US Preferred Stock ETF comprises approximately 0.9% of Mid Atlantic Financial Management Inc. ADV’s investment portfolio, making the stock its 18th largest position. Mid Atlantic Financial Management Inc. ADV’s holdings in iShares US Preferred Stock ETF were worth $8,687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PFF. JPMorgan Chase & Co. boosted its holdings 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 valued at $403,669,000 after buying an additional 10,646,948 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of iShares US Preferred Stock ETF by 5.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,000 shares of the company’s stock valued at $205,000 after buying an additional 300 shares during the period. Virtu Financial LLC acquired a new position in shares of iShares US Preferred Stock ETF in the fourth quarter valued at approximately $226,000. KCS Wealth Advisory boosted its holdings in shares of iShares US Preferred Stock ETF by 92.4% in the fourth quarter. KCS Wealth Advisory now owns 26,570 shares of the company’s stock valued at $909,000 after buying an additional 12,759 shares during the period. Finally, Ironwood Financial llc boosted its holdings in shares of iShares US Preferred Stock ETF by 4.0% in the fourth quarter. Ironwood Financial llc now owns 48,207 shares of the company’s stock valued at $1,650,000 after buying an additional 1,862 shares during the period.

Shares of iShares US Preferred Stock ETF stock traded down $0.02 on Friday, hitting $36.60. The company had a trading volume of 12,558 shares, compared to its average volume of 3,377,386. iShares US Preferred Stock ETF has a twelve month low of $33.26 and a twelve month high of $38.08.

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 8th. Investors of record on Friday, May 3rd were issued a dividend of $0.172 per share. This represents a $2.06 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend was Thursday, May 2nd.

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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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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).

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

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