Sound Income Strategies LLC Sells 444 Shares of iShares US Preferred Stock ETF (PFF)

Sound Income Strategies LLC reduced its holdings in iShares US Preferred Stock ETF (NASDAQ:PFF) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,822 shares of the company’s stock after selling 444 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares US Preferred Stock ETF were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PFF. JPMorgan Chase & Co. increased its stake in shares of iShares US Preferred Stock ETF by 4,735.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,871,767 shares of the company’s stock worth $403,669,000 after purchasing an additional 10,646,948 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of iShares US Preferred Stock ETF by 4.6% during the 3rd quarter. Wells Fargo & Company MN now owns 7,400,377 shares of the company’s stock worth $274,777,000 after purchasing an additional 324,821 shares during the last quarter. Morgan Stanley increased its stake in shares of iShares US Preferred Stock ETF by 4.1% during the 2nd quarter. Morgan Stanley now owns 5,942,773 shares of the company’s stock worth $224,102,000 after purchasing an additional 233,968 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares US Preferred Stock ETF by 2.7% during the 3rd quarter. LPL Financial LLC now owns 4,496,206 shares of the company’s stock worth $166,944,000 after purchasing an additional 118,949 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of iShares US Preferred Stock ETF during the 2nd quarter worth about $3,244,000.

Shares of iShares US Preferred Stock ETF stock traded up $0.11 during trading on Thursday, hitting $35.22. 3,026,856 shares of the stock were exchanged, compared to its average volume of 5,215,979. iShares US Preferred Stock ETF has a 1-year low of $33.26 and a 1-year high of $38.22.

The company also recently disclosed a monthly dividend, which was paid on Monday, December 24th. Stockholders of record on Wednesday, December 19th were paid a dividend of $0.2576 per share. The ex-dividend date was Tuesday, December 18th. This is a positive change from iShares US Preferred Stock ETF’s previous monthly dividend of $0.16. This represents a $3.09 annualized dividend and a dividend yield of 8.78%.

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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.

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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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