Fernwood Investment Management LLC Takes Position in iShares US Preferred Stock ETF (PFF)

Fernwood Investment Management LLC bought a new position in iShares US Preferred Stock ETF (NASDAQ:PFF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,659 shares of the company’s stock, valued at approximately $841,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley increased its position in iShares US Preferred Stock ETF by 4.1% during the 2nd quarter. Morgan Stanley now owns 5,942,773 shares of the company’s stock valued at $224,102,000 after purchasing an additional 233,968 shares during the period. PFS Investments Inc. increased its position in iShares US Preferred Stock ETF by 11.4% during the 3rd quarter. PFS Investments Inc. now owns 271,874 shares of the company’s stock valued at $10,095,000 after purchasing an additional 27,724 shares during the period. Brave Asset Management Inc. increased its position in iShares US Preferred Stock ETF by 2,508.1% during the 3rd quarter. Brave Asset Management Inc. now owns 370,328 shares of the company’s stock valued at $13,750,000 after purchasing an additional 356,129 shares during the period. Smithfield Trust Co. increased its position in iShares US Preferred Stock ETF by 8.7% during the 3rd quarter. Smithfield Trust Co. now owns 450,434 shares of the company’s stock valued at $16,724,000 after purchasing an additional 36,150 shares during the period. Finally, US Bancorp DE increased its position in iShares US Preferred Stock ETF by 3.6% during the 2nd quarter. US Bancorp DE now owns 2,806,953 shares of the company’s stock valued at $105,850,000 after purchasing an additional 98,669 shares during the period.

NASDAQ:PFF opened at $35.18 on Monday. iShares US Preferred Stock ETF has a 1-year low of $35.12 and a 1-year high of $38.63.

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, November 2nd were given a $0.1565 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend was Thursday, November 1st.

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

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