Edge Wealth Management LLC Has $4.16 Million Position in iShares US Preferred Stock ETF (NASDAQ:PFF)

Edge Wealth Management LLC lifted its stake in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,994 shares of the company’s stock after purchasing an additional 10,345 shares during the quarter. Edge Wealth Management LLC’s holdings in iShares US Preferred Stock ETF were worth $4,162,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC increased its stake in iShares US Preferred Stock ETF by 159.5% in the 4th quarter. MCF Advisors LLC now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 477 shares during the last quarter. TD Capital Management LLC increased its stake in iShares US Preferred Stock ETF by 336.7% in the 4th quarter. TD Capital Management LLC now owns 856 shares of the company’s stock valued at $29,000 after buying an additional 660 shares during the last quarter. Doyle Wealth Management purchased a new stake in iShares US Preferred Stock ETF in the 4th quarter valued at about $29,000. Bogart Wealth LLC increased its stake in iShares US Preferred Stock ETF by 244.1% in the 1st quarter. Bogart Wealth LLC now owns 850 shares of the company’s stock valued at $31,000 after buying an additional 603 shares during the last quarter. Finally, Ruggie Capital Group purchased a new stake in iShares US Preferred Stock ETF in the 4th quarter valued at about $32,000.

Shares of PFF stock opened at $36.49 on Friday. iShares US Preferred Stock ETF has a 12-month low of $33.26 and a 12-month high of $38.08.

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.172 per share. The ex-dividend date is Thursday, May 2nd. This represents a $2.06 annualized dividend and a dividend yield of 5.66%.

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iShares US Preferred Stock ETF 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: Understanding Average Daily Trade Volume

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

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