iShares US Preferred Stock ETF (NASDAQ:PFF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.99 and last traded at $37.98, with a volume of 466551 shares trading hands. The stock had previously closed at $37.97.

The business’s 50 day moving average is $37.40 and its 200-day moving average is $37.29.

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 26th. Investors of record on Friday, December 20th were paid a $0.155 dividend. The ex-dividend date was Thursday, December 19th. This represents a $1.86 dividend on an annualized basis and a yield of 4.90%.

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in iShares US Preferred Stock ETF by 4.8% in the second quarter. Bank of America Corp DE now owns 13,613,254 shares of the company’s stock valued at $501,648,000 after buying an additional 620,630 shares in the last quarter. Morgan Stanley increased its stake in iShares US Preferred Stock ETF by 7.3% in the second quarter. Morgan Stanley now owns 6,343,374 shares of the company’s stock valued at $233,753,000 after purchasing an additional 431,133 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in iShares US Preferred Stock ETF by 7.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,779,366 shares of the company’s stock valued at $179,370,000 after purchasing an additional 336,565 shares in the last quarter. UBS Group AG increased its stake in iShares US Preferred Stock ETF by 56.9% in the second quarter. UBS Group AG now owns 4,775,937 shares of the company’s stock valued at $175,994,000 after purchasing an additional 1,732,716 shares in the last quarter. Finally, Grimes & Company Inc. bought a new stake in iShares US Preferred Stock ETF in the third quarter valued at $71,310,000.

About iShares US Preferred Stock ETF (NASDAQ:PFF)

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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