Brave Asset Management Inc. Has $15.53 Million Position in iShares S&P US Pref Stock Idx Fnd (PFF)

Brave Asset Management Inc. increased its position in iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) by 20.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,049 shares of the company’s stock after acquiring an additional 67,371 shares during the period. iShares S&P US Pref Stock Idx Fnd comprises about 8.1% of Brave Asset Management Inc.’s investment portfolio, making the stock its biggest holding. Brave Asset Management Inc. owned 0.08% of iShares S&P US Pref Stock Idx Fnd worth $15,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of iShares S&P US Pref Stock Idx Fnd by 1.7% in the second quarter. Wells Fargo & Company MN now owns 9,669,965 shares of the company’s stock worth $378,773,000 after acquiring an additional 160,253 shares during the period. Destination Wealth Management grew its holdings in iShares S&P US Pref Stock Idx Fnd by 9.5% during the second quarter. Destination Wealth Management now owns 103,721 shares of the company’s stock valued at $4,063,000 after purchasing an additional 9,010 shares during the period. Charles Schwab Investment Advisory Inc. grew its holdings in iShares S&P US Pref Stock Idx Fnd by 31.9% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 13,482 shares of the company’s stock valued at $528,000 after purchasing an additional 3,257 shares during the period. Evergreen Capital Management LLC grew its holdings in iShares S&P US Pref Stock Idx Fnd by 24.7% during the second quarter. Evergreen Capital Management LLC now owns 96,972 shares of the company’s stock valued at $3,798,000 after purchasing an additional 19,202 shares during the period. Finally, Keel Point LLC grew its holdings in iShares S&P US Pref Stock Idx Fnd by 16.3% during the second quarter. Keel Point LLC now owns 77,835 shares of the company’s stock valued at $3,049,000 after purchasing an additional 10,911 shares during the period.

Shares of iShares S&P US Pref Stock Idx Fnd (PFF) opened at $38.43 on Tuesday. iShares S&P US Pref Stock Idx Fnd has a fifty-two week low of $36.77 and a fifty-two week high of $39.31.

The business also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.1925 per share. This represents a $2.31 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, December 1st. This is a positive change from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.18. iShares S&P US Pref Stock Idx Fnd’s payout ratio is currently 70.03%.

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iShares S&P US Pref Stock Idx Fnd 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.

Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF).

Institutional Ownership by Quarter for iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF)

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