NEXT Financial Group Inc Reduces Position in iShares US Preferred Stock ETF (PFF)

NEXT Financial Group Inc reduced its position in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 63.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,331 shares of the company’s stock after selling 12,800 shares during the period. NEXT Financial Group Inc’s holdings in iShares US Preferred Stock ETF were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PFF. Bridgeworth LLC acquired a new stake in iShares US Preferred Stock ETF during the 2nd quarter worth approximately $108,000. SG Americas Securities LLC acquired a new stake in iShares US Preferred Stock ETF during the 1st quarter worth approximately $122,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in iShares US Preferred Stock ETF during the 1st quarter worth approximately $148,000. Poehling Capital Management LLC lifted its holdings in iShares US Preferred Stock ETF by 203.7% during the 2nd quarter. Poehling Capital Management LLC now owns 4,100 shares of the company’s stock worth $155,000 after purchasing an additional 2,750 shares during the last quarter. Finally, CX Institutional acquired a new stake in iShares US Preferred Stock ETF during the 2nd quarter worth approximately $169,000.

NASDAQ:PFF opened at $35.94 on Thursday. iShares US Preferred Stock ETF has a 1-year low of $35.88 and a 1-year high of $38.72.

The company also recently declared a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were issued a dividend of $0.1592 per share. The ex-dividend date was Monday, October 1st. This represents a $1.91 annualized dividend and a yield of 5.31%.

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.

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Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares US Preferred Stock ETF (NASDAQ:PFF).

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

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