Berkshire Money Management Inc. Reduces Stake in iShares S&P US Pref Stock Idx Fnd (PFF)

Berkshire Money Management Inc. decreased its stake in iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,591 shares of the company’s stock after selling 6,033 shares during the quarter. iShares S&P US Pref Stock Idx Fnd makes up about 2.9% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 10th largest position. Berkshire Money Management Inc. owned 0.07% of iShares S&P US Pref Stock Idx Fnd worth $11,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. LS Investment Advisors LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd in the third quarter worth $101,000. AllSquare Wealth Management LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd in the third quarter worth $101,000. Legacy Advisors LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd in the fourth quarter worth $116,000. Wealthcare Advisory Partners LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd in the third quarter worth $134,000. Finally, Norway Savings Bank boosted its stake in iShares S&P US Pref Stock Idx Fnd by 55.7% in the third quarter. Norway Savings Bank now owns 4,991 shares of the company’s stock worth $194,000 after purchasing an additional 1,785 shares in the last quarter.

iShares S&P US Pref Stock Idx Fnd (PFF) traded down $0.03 during trading on Tuesday, reaching $36.91. The company’s stock had a trading volume of 290,912 shares, compared to its average volume of 3,900,000. The firm has a market capitalization of $16,580.00, a price-to-earnings ratio of 11.64 and a beta of 0.15. iShares S&P US Pref Stock Idx Fnd has a one year low of $36.52 and a one year high of $39.31.

The company also recently announced a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were given a dividend of $0.189 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 6.14%. This is an increase from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.10. iShares S&P US Pref Stock Idx Fnd’s payout ratio is presently 67.19%.

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iShares S&P US Pref Stock Idx Fnd 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.

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

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