MV Capital Management Inc. lowered its stake in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,443 shares of the company’s stock after selling 2,282 shares during the period. MV Capital Management Inc.’s holdings in iShares US Preferred Stock ETF were worth $1,799,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in iShares US Preferred Stock ETF by 4.6% during the third quarter. Wells Fargo & Company MN now owns 7,400,377 shares of the company’s stock valued at $274,777,000 after buying an additional 324,821 shares during the period. Morgan Stanley boosted its position in iShares US Preferred Stock ETF by 4.1% during the second quarter. Morgan Stanley now owns 5,942,773 shares of the company’s stock worth $224,102,000 after purchasing an additional 233,968 shares during the period. MD Financial Management Inc. boosted its position in iShares US Preferred Stock ETF by 9.1% during the second quarter. MD Financial Management Inc. now owns 3,408,170 shares of the company’s stock worth $128,522,000 after purchasing an additional 285,541 shares during the period. LFA Lugano Financial Advisors SA bought a new position in iShares US Preferred Stock ETF during the second quarter worth about $3,244,000. Finally, US Bancorp DE boosted its position in iShares US Preferred Stock ETF by 1.4% during the third quarter. US Bancorp DE now owns 2,847,308 shares of the company’s stock worth $105,721,000 after purchasing an additional 40,355 shares during the period.

Shares of NASDAQ:PFF opened at $36.11 on Friday. iShares US Preferred Stock ETF has a twelve month low of $35.81 and a twelve month high of $38.72.

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were given a dividend of $0.1565 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 5.20%.

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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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