Parsons Capital Management Inc. RI Raises Stock Holdings in iShares US Preferred Stock ETF (NASDAQ:PFF)

Parsons Capital Management Inc. RI boosted its holdings in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,404 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares US Preferred Stock ETF were worth $1,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PFF. Laurel Wealth Advisors LLC lifted its position in shares of iShares US Preferred Stock ETF by 75.0% in the first quarter. Laurel Wealth Advisors LLC now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of iShares US Preferred Stock ETF in the first quarter valued at approximately $30,000. Manchester Financial Inc. purchased a new position in shares of iShares US Preferred Stock ETF in the second quarter valued at approximately $34,000. Enterprise Financial Services Corp lifted its position in shares of iShares US Preferred Stock ETF by 47.7% in the first quarter. Enterprise Financial Services Corp now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 323 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of iShares US Preferred Stock ETF in the first quarter valued at approximately $44,000.

Shares of NASDAQ PFF traded down $0.08 during midday trading on Friday, hitting $37.23. The stock had a trading volume of 197,178 shares, compared to its average volume of 3,414,845. The stock has a 50 day simple moving average of $37.07 and a 200-day simple moving average of $36.62. iShares US Preferred Stock ETF has a 1 year low of $33.26 and a 1 year high of $37.94.

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

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