Sage Capital Advisors llc Reduces Holdings in iShares US Preferred Stock ETF (NASDAQ:PFF)

Sage Capital Advisors llc reduced its position in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,308 shares of the company’s stock after selling 1,114 shares during the period. Sage Capital Advisors llc’s holdings in iShares US Preferred Stock ETF were worth $500,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of iShares US Preferred Stock ETF in the third quarter worth $25,000. Venturi Wealth Management LLC bought a new stake in shares of iShares US Preferred Stock ETF in the 3rd quarter worth about $38,000. Knuff & Co LLC bought a new stake in shares of iShares US Preferred Stock ETF in the 3rd quarter worth about $38,000. Strategic Blueprint LLC bought a new stake in shares of iShares US Preferred Stock ETF in the 3rd quarter worth about $39,000. Finally, Financial Advantage Inc. bought a new position in iShares US Preferred Stock ETF in the third quarter worth about $40,000.

PFF stock traded up $0.02 on Thursday, reaching $38.00. The company’s stock had a trading volume of 56,334 shares, compared to its average volume of 5,705,958. The firm has a fifty day moving average of $37.43 and a two-hundred day moving average of $37.30. iShares US Preferred Stock ETF has a 52 week low of $35.22 and a 52 week high of $38.06.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 26th. Investors of record on Friday, December 20th were paid a $0.155 dividend. This represents a $1.86 annualized dividend and a yield of 4.89%. The ex-dividend date was Thursday, December 19th.

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.

See Also: Relative Strength Index

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

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