Patriot Wealth Management Inc. Buys 11,813 Shares of iShares US Preferred Stock ETF (PFF)

Patriot Wealth Management Inc. increased its stake in iShares US Preferred Stock ETF (NASDAQ:PFF) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,424 shares of the company’s stock after acquiring an additional 11,813 shares during the period. iShares US Preferred Stock ETF makes up approximately 1.6% of Patriot Wealth Management Inc.’s investment portfolio, making the stock its 16th biggest position. Patriot Wealth Management Inc.’s holdings in iShares US Preferred Stock ETF were worth $12,529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PFF. Bridgeworth LLC purchased a new position in iShares US Preferred Stock ETF in the second quarter worth about $108,000. Canton Hathaway LLC purchased a new position in shares of iShares US Preferred Stock ETF during the third quarter valued at approximately $111,000. SG Americas Securities LLC purchased a new position in shares of iShares US Preferred Stock ETF during the first quarter valued at approximately $122,000. Poehling Capital Management LLC boosted its position in shares of iShares US Preferred Stock ETF by 203.7% during the second quarter. Poehling Capital Management LLC now owns 4,100 shares of the company’s stock valued at $155,000 after buying an additional 2,750 shares during the period. Finally, CX Institutional purchased a new position in shares of iShares US Preferred Stock ETF during the second quarter valued at approximately $169,000.

Shares of NASDAQ:PFF traded up $0.06 during trading hours on Monday, hitting $35.91. 163,718 shares of the company’s stock traded hands, compared to its average volume of 2,807,422. iShares US Preferred Stock ETF has a 1 year low of $35.83 and a 1 year high of $38.72.

The firm also recently announced a monthly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were given a dividend of $0.1592 per share. The ex-dividend date of this dividend was Monday, October 1st. This represents a $1.91 annualized dividend and a dividend yield of 5.32%.

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.

Further Reading: What is an Initial Public Offering (IPO)?

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)

Receive News & Ratings for iShares US Preferred Stock ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares US Preferred Stock ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply