ERTS Wealth Advisors LLC acquired a new stake in iShares US Preferred Stock ETF (NASDAQ:PFF) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,302 shares of the company’s stock, valued at approximately $113,000.
A number of other large investors have also recently made changes to their positions in PFF. Semmax Financial Advisors Inc. purchased a new stake in shares of iShares US Preferred Stock ETF during the 4th quarter valued at approximately $128,000. Captrust Financial Advisors lifted its stake in iShares US Preferred Stock ETF by 1.5% in the 4th quarter. Captrust Financial Advisors now owns 643,895 shares of the company’s stock worth $22,041,000 after purchasing an additional 9,465 shares in the last quarter. Magnus Financial Group LLC purchased a new stake in iShares US Preferred Stock ETF in the 4th quarter worth approximately $535,000. SlateStone Wealth LLC purchased a new stake in iShares US Preferred Stock ETF in the 4th quarter worth approximately $1,013,000. Finally, Sound View Wealth Advisors LLC purchased a new stake in iShares US Preferred Stock ETF in the 4th quarter worth approximately $2,487,000.
Shares of NASDAQ:PFF traded down $0.02 during trading on Thursday, reaching $36.53. The company had a trading volume of 9,230 shares, compared to its average volume of 3,574,374. iShares US Preferred Stock ETF has a 12 month low of $33.26 and a 12 month high of $38.08.
The firm also recently announced a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were issued a dividend of $0.1783 per share. The ex-dividend date was Friday, March 1st. This represents a $2.14 annualized dividend and a dividend yield of 5.86%. This is a positive change from iShares US Preferred Stock ETF’s previous monthly dividend of $0.17.
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iShares US Preferred Stock ETF Company 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.
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