Guidance Point Advisors LLC Cuts Stake in iShares US Preferred Stock ETF (PFF)

Guidance Point Advisors LLC reduced its position in iShares US Preferred Stock ETF (NASDAQ:PFF) by 20.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,197 shares of the company’s stock after selling 5,433 shares during the quarter. Guidance Point Advisors LLC’s holdings in iShares US Preferred Stock ETF were worth $774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC lifted its stake in shares of 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 acquiring an additional 477 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of iShares US Preferred Stock ETF in the 1st quarter valued at about $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of iShares US Preferred Stock ETF in the 1st quarter valued at about $30,000. Bogart Wealth LLC lifted its stake in shares of 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 acquiring an additional 603 shares during the last quarter. Finally, Doyle Wealth Management bought a new stake in shares of iShares US Preferred Stock ETF in the 4th quarter valued at about $29,000.

Shares of NASDAQ PFF traded up $0.08 during midday trading on Tuesday, reaching $36.35. The company had a trading volume of 334,550 shares, compared to its average volume of 3,386,423. 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 announced a monthly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, May 3rd were paid a $0.172 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Thursday, May 2nd.

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About iShares US Preferred Stock ETF

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: Net Income

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

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