Founders Financial Securities LLC raised its position in iShares US Preferred Stock ETF (NASDAQ:PFF) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,265 shares of the company’s stock after acquiring an additional 416 shares during the period. Founders Financial Securities LLC’s holdings in iShares US Preferred Stock ETF were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PFF. JPMorgan Chase & Co. raised its stake in shares of iShares US Preferred Stock ETF by 4,735.8% in the third quarter. JPMorgan Chase & Co. now owns 10,871,767 shares of the company’s stock valued at $403,669,000 after buying an additional 10,646,948 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of iShares US Preferred Stock ETF during the 4th quarter valued at $40,283,000. W.E. Donoghue & Co. LLC raised its stake in shares of iShares US Preferred Stock ETF by 284.8% during the 4th quarter. W.E. Donoghue & Co. LLC now owns 1,238,958 shares of the company’s stock valued at $42,410,000 after purchasing an additional 917,005 shares during the period. Protective Life Corp bought a new stake in shares of iShares US Preferred Stock ETF during the 3rd quarter valued at $31,390,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of iShares US Preferred Stock ETF by 42.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,426,349 shares of the company’s stock valued at $90,090,000 after purchasing an additional 725,934 shares during the period.

Shares of NASDAQ PFF opened at $36.43 on Wednesday. iShares US Preferred Stock ETF has a twelve month low of $33.26 and a twelve month high of $38.08.

The firm also recently announced a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were paid a $0.1783 dividend. This is a positive change from iShares US Preferred Stock ETF’s previous monthly dividend of $0.17. This represents a $2.14 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date was Friday, March 1st.

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About iShares US Preferred Stock ETF

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: Inflation

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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