Nottingham Advisors Inc. lessened its holdings in iShares US Preferred Stock ETF (NASDAQ:PFF) by 44.5% during the 3rd quarter, Holdings Channel reports. The firm owned 22,880 shares of the company’s stock after selling 18,375 shares during the period. Nottingham Advisors Inc.’s holdings in iShares US Preferred Stock ETF were worth $850,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Guggenheim Capital LLC purchased a new stake in shares of iShares US Preferred Stock ETF in the 1st quarter valued at $1,369,000. Allianz Asset Management GmbH raised its holdings in shares of iShares US Preferred Stock ETF by 34.1% in the 1st quarter. Allianz Asset Management GmbH now owns 13,825 shares of the company’s stock valued at $519,000 after buying an additional 3,513 shares during the period. Bank of Montreal Can raised its holdings in shares of iShares US Preferred Stock ETF by 13.9% in the 2nd quarter. Bank of Montreal Can now owns 666,958 shares of the company’s stock valued at $25,150,000 after buying an additional 81,286 shares during the period. Global Trust Asset Management LLC raised its holdings in shares of iShares US Preferred Stock ETF by 26.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 10,809 shares of the company’s stock valued at $408,000 after buying an additional 2,269 shares during the period. Finally, Founders Financial Securities LLC raised its holdings in shares of iShares US Preferred Stock ETF by 15.7% in the 2nd quarter. Founders Financial Securities LLC now owns 18,590 shares of the company’s stock valued at $701,000 after buying an additional 2,516 shares during the period.

PFF stock opened at $35.82 on Thursday. iShares US Preferred Stock ETF has a 12-month low of $35.81 and a 12-month high of $38.72.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 7th. Investors of record on Friday, November 2nd were issued a $0.1565 dividend. The ex-dividend date was Thursday, November 1st. This represents a $1.88 annualized dividend and a dividend yield of 5.24%.

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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.

Further Reading: Ex-Dividend

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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