Fulton Bank N.A. Lowers Holdings in iShares US Preferred Stock ETF (NASDAQ:PFF)

Fulton Bank N.A. lowered its stake in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 7.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,000 shares of the company’s stock after selling 2,050 shares during the period. Fulton Bank N.A.’s holdings in iShares US Preferred Stock ETF were worth $877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of iShares US Preferred Stock ETF by 4,735.8% during the 3rd 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 during the last quarter. Janus Henderson Group PLC grew its holdings in shares of iShares US Preferred Stock ETF by 39.9% during the 3rd quarter. Janus Henderson Group PLC now owns 788,365 shares of the company’s stock valued at $29,270,000 after purchasing an additional 225,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of iShares US Preferred Stock ETF by 45.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,356 shares of the company’s stock valued at $5,694,000 after purchasing an additional 47,574 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of iShares US Preferred Stock ETF by 7.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 32,461 shares of the company’s stock valued at $1,205,000 after purchasing an additional 2,296 shares during the last quarter. Finally, American Money Management LLC bought a new stake in shares of iShares US Preferred Stock ETF during the 3rd quarter valued at approximately $241,000.

PFF traded up $0.02 during trading on Friday, reaching $36.58. 2,596,963 shares of the company’s stock were exchanged, compared to its average volume of 3,417,593. iShares US Preferred Stock ETF has a one year low of $33.26 and a one year high of $38.08.

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.1804 per share. This represents a $2.17 dividend on an annualized basis and a yield of 5.92%. This is a positive change from iShares US Preferred Stock ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 1st.

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

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