Belpointe Asset Management LLC Sells 33,229 Shares of iShares US Preferred Stock ETF (PFF)

Belpointe Asset Management LLC reduced its position in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 54.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,284 shares of the company’s stock after selling 33,229 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares US Preferred Stock ETF were worth $934,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in iShares US Preferred Stock ETF by 4,735.8% during the third quarter. JPMorgan Chase & Co. now owns 10,871,767 shares of the company’s stock valued at $403,669,000 after purchasing an additional 10,646,948 shares in the last quarter. Aozora Bank LTD. raised its position in shares of iShares US Preferred Stock ETF by 7.6% during the fourth quarter. Aozora Bank LTD. now owns 9,025,000 shares of the company’s stock valued at $308,926,000 after buying an additional 640,000 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares US Preferred Stock ETF by 2.7% during the third quarter. LPL Financial LLC now owns 4,496,206 shares of the company’s stock valued at $166,944,000 after buying an additional 118,949 shares during the last quarter. BlackRock Inc. raised its position in shares of iShares US Preferred Stock ETF by 4.0% during the fourth quarter. BlackRock Inc. now owns 4,340,258 shares of the company’s stock valued at $148,566,000 after buying an additional 165,050 shares during the last quarter. Finally, MD Financial Management Inc. raised its position in shares of iShares US Preferred Stock ETF by 2.5% during the fourth quarter. MD Financial Management Inc. now owns 3,481,179 shares of the company’s stock valued at $119,161,000 after buying an additional 83,889 shares during the last quarter.

PFF traded down $0.07 during trading hours on Friday, hitting $36.55. The company’s stock had a trading volume of 3,454,006 shares, compared to its average volume of 3,445,679. iShares US Preferred Stock ETF has a 12 month low of $33.26 and a 12 month high of $38.08.

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.1804 dividend. This represents a $2.17 annualized dividend and a yield of 5.92%. The ex-dividend date was Monday, April 1st. This is a boost from iShares US Preferred Stock ETF’s previous monthly dividend of $0.18.

WARNING: This story was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/ishares-sp-us-pref-stock-idx-fnd-pff-position-trimmed-by-belpointe-asset-management-llc.html.

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.

Recommended Story: Return on Investment (ROI) Defined, Explained

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.