Rehmann Capital Advisory Group lifted its stake in iShares US Preferred Stock ETF (NASDAQ:PFF) by 9.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,991 shares of the company’s stock after acquiring an additional 3,161 shares during the quarter. Rehmann Capital Advisory Group’s holdings in iShares US Preferred Stock ETF were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of PFF. JPMorgan Chase & Co. increased 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 worth $403,669,000 after acquiring an additional 10,646,948 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of iShares US Preferred Stock ETF in the second quarter worth $3,244,000. Stephens Inc. AR acquired a new position in shares of iShares US Preferred Stock ETF in the second quarter worth $42,554,000. Protective Life Corp acquired a new position in shares of iShares US Preferred Stock ETF in the third quarter worth $31,390,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of iShares US Preferred Stock ETF by 42.7% in the third quarter. Envestnet Asset Management Inc. now owns 2,426,349 shares of the company’s stock worth $90,090,000 after acquiring an additional 725,934 shares during the last quarter.

Shares of NASDAQ PFF traded up $0.02 during mid-day trading on Friday, reaching $34.73. The company had a trading volume of 167,784 shares, compared to its average volume of 2,797,736. iShares US Preferred Stock ETF has a twelve month low of $34.47 and a twelve month high of $38.56.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 7th. Shareholders of record on Tuesday, December 4th will be given a dividend of $0.1562 per share. This represents a $1.87 annualized dividend and a yield of 5.40%. The ex-dividend date is Monday, December 3rd.

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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.

See Also: Systematic Risk

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

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