Focused Wealth Management Inc Sells 470 Shares of iShares US Preferred Stock ETF (NASDAQ:PFF)

Focused Wealth Management Inc trimmed its stake in iShares US Preferred Stock ETF (NASDAQ:PFF) by 6.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,563 shares of the company’s stock after selling 470 shares during the period. Focused Wealth Management Inc’s holdings in iShares US Preferred Stock ETF were worth $246,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PFF. D.A. Davidson & CO. lifted its stake in shares of iShares US Preferred Stock ETF by 13.7% during the 3rd quarter. D.A. Davidson & CO. now owns 88,118 shares of the company’s stock worth $3,307,000 after acquiring an additional 10,607 shares during the last quarter. Intersect Capital LLC lifted its stake in shares of iShares US Preferred Stock ETF by 6.3% during the 3rd quarter. Intersect Capital LLC now owns 512,741 shares of the company’s stock worth $19,243,000 after acquiring an additional 30,581 shares during the last quarter. Noesis Capital Mangement Corp lifted its stake in shares of iShares US Preferred Stock ETF by 18.3% during the 3rd quarter. Noesis Capital Mangement Corp now owns 44,708 shares of the company’s stock worth $1,678,000 after acquiring an additional 6,925 shares during the last quarter. Providence First Trust Co bought a new stake in shares of iShares US Preferred Stock ETF during the 3rd quarter worth approximately $905,000. Finally, Grimes & Company Inc. bought a new stake in shares of iShares US Preferred Stock ETF during the 3rd quarter worth approximately $71,310,000.

Shares of PFF stock traded up $0.11 on Tuesday, reaching $37.07. 3,006,900 shares of the company’s stock were exchanged, compared to its average volume of 3,461,551. iShares US Preferred Stock ETF has a 52 week low of $33.26 and a 52 week high of $37.71. The company’s fifty day simple moving average is $37.40 and its 200 day simple moving average is $37.05.

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: How is Preferred Stock Different from Common Stock?

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

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