iShares US Preferred Stock ETF (PFF) Position Reduced by Stephens Inc. AR

Stephens Inc. AR lessened its stake in iShares US Preferred Stock ETF (NASDAQ:PFF) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 790,845 shares of the company’s stock after selling 18,147 shares during the quarter. iShares US Preferred Stock ETF comprises about 0.7% of Stephens Inc. AR’s investment portfolio, making the stock its 17th largest holding. Stephens Inc. AR’s holdings in iShares US Preferred Stock ETF were worth $28,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in iShares US Preferred Stock ETF by 4,735.8% in the third 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. Aozora Bank LTD. increased its holdings in iShares US Preferred Stock ETF by 7.6% in the fourth quarter. Aozora Bank LTD. now owns 9,025,000 shares of the company’s stock valued at $308,926,000 after purchasing an additional 640,000 shares during the last quarter. BlackRock Inc. increased its holdings in iShares US Preferred Stock ETF by 4.0% in the fourth quarter. BlackRock Inc. now owns 4,340,258 shares of the company’s stock valued at $148,566,000 after purchasing an additional 165,050 shares during the last quarter. MD Financial Management Inc. increased its holdings in iShares US Preferred Stock ETF by 2.5% in the fourth quarter. MD Financial Management Inc. now owns 3,481,179 shares of the company’s stock valued at $119,161,000 after purchasing an additional 83,889 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new stake in shares of iShares US Preferred Stock ETF in the first quarter worth about $49,695,000.

Shares of iShares US Preferred Stock ETF stock opened at $36.44 on Friday. iShares US Preferred Stock ETF has a 1 year low of $33.26 and a 1 year high of $38.08.

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, May 3rd were issued a $0.172 dividend. The ex-dividend date of this dividend was 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: What is the quiet period?

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

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