Visionary Asset Management Inc. Raises Holdings in iShares US Preferred Stock ETF (PFF)

Visionary Asset Management Inc. raised its position in iShares US Preferred Stock ETF (NASDAQ:PFF) by 6.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,684 shares of the company’s stock after purchasing an additional 635 shares during the period. Visionary Asset Management Inc.’s holdings in iShares US Preferred Stock ETF were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PFF. Morgan Stanley grew its holdings in shares of 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 worth $224,102,000 after purchasing an additional 233,968 shares in the last quarter. Brave Asset Management Inc. grew its holdings in shares of 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 worth $13,750,000 after purchasing an additional 356,129 shares in the last quarter. PFS Investments Inc. grew its holdings in shares of 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 worth $10,095,000 after purchasing an additional 27,724 shares in the last quarter. Smithfield Trust Co. grew its holdings in shares of 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 worth $16,724,000 after purchasing an additional 36,150 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of iShares US Preferred Stock ETF by 34.5% during the 2nd quarter. Mutual Advisors LLC now owns 52,876 shares of the company’s stock worth $1,994,000 after purchasing an additional 13,555 shares in the last quarter.

Shares of PFF traded down $0.03 during trading hours on Friday, hitting $35.19. 349,371 shares of the company were exchanged, compared to its average volume of 5,215,979. iShares US Preferred Stock ETF has a fifty-two week low of $33.26 and a fifty-two week high of $38.22.

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 24th. Investors of record on Wednesday, December 19th were given a dividend of $0.2576 per share. This is an increase from iShares US Preferred Stock ETF’s previous monthly dividend of $0.16. This represents a $3.09 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend was Tuesday, December 18th.

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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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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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