iShares US Preferred Stock ETF (PFF) Holdings Lifted by Traynor Capital Management Inc.

Traynor Capital Management Inc. raised its position in iShares US Preferred Stock ETF (NASDAQ:PFF) by 23.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,981 shares of the company’s stock after acquiring an additional 13,438 shares during the quarter. iShares US Preferred Stock ETF accounts for about 0.9% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 26th largest holding. Traynor Capital Management Inc.’s holdings in iShares US Preferred Stock ETF were worth $2,630,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PFF. Endurance Wealth Management Inc. lifted its stake in iShares US Preferred Stock ETF by 2.3% in the fourth quarter. Endurance Wealth Management Inc. now owns 13,190 shares of the company’s stock valued at $451,000 after buying an additional 300 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in iShares US Preferred Stock ETF by 5.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,000 shares of the company’s stock valued at $205,000 after buying an additional 300 shares during the last quarter. Somerset Trust Co lifted its stake in iShares US Preferred Stock ETF by 3.5% in the first quarter. Somerset Trust Co now owns 11,473 shares of the company’s stock valued at $419,000 after buying an additional 390 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in iShares US Preferred Stock ETF by 1.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 27,534 shares of the company’s stock valued at $942,000 after buying an additional 405 shares during the last quarter. Finally, Keystone Financial Group increased its holdings in shares of iShares US Preferred Stock ETF by 2.5% during the fourth quarter. Keystone Financial Group now owns 16,964 shares of the company’s stock valued at $581,000 after purchasing an additional 409 shares during the period.

Shares of PFF opened at $36.49 on Friday. iShares US Preferred Stock ETF has a one year low of $33.26 and a one year high of $38.08.

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, May 3rd will be paid a $0.172 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $2.06 dividend on an annualized basis and a 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.

See Also: How a Back-End Load Mutual Fund Works

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

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