EFG Asset Management Americas Corp. Purchases 280 Shares of iShares US Preferred Stock ETF (NASDAQ:PFF)

EFG Asset Management Americas Corp. lifted its stake in iShares US Preferred Stock ETF (NASDAQ:PFF) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,601 shares of the company’s stock after buying an additional 280 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in iShares US Preferred Stock ETF were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of PFF. Foundations Investment Advisors LLC bought a new stake in shares of iShares US Preferred Stock ETF in the 2nd quarter valued at approximately $87,857,000. Advisor Group Holdings Inc. purchased a new position in shares of iShares US Preferred Stock ETF in the 1st quarter valued at $50,903,000. Affinity Wealth Management LLC increased its holdings in shares of iShares US Preferred Stock ETF by 7,205.2% in the 1st quarter. Affinity Wealth Management LLC now owns 1,346,722 shares of the company’s stock valued at $45,735,000 after acquiring an additional 1,328,287 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in shares of iShares US Preferred Stock ETF in the 1st quarter valued at $40,130,000. Finally, Athanor Capital LP purchased a new position in iShares US Preferred Stock ETF during the 1st quarter worth $33,761,000.

PFF stock traded up $0.12 on Friday, hitting $36.18. 2,479,043 shares of the company’s stock were exchanged, compared to its average volume of 5,776,493. The firm has a 50 day moving average price of $34.97 and a two-hundred day moving average price of $34.94. iShares US Preferred Stock ETF has a 12-month low of $23.85 and a 12-month high of $38.33.

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: How does a reverse stock split work?

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

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