Patriot Wealth Management Inc. Grows Holdings in iShares S&P US Pref Stock Idx Fnd (PFF)

Patriot Wealth Management Inc. boosted its holdings in shares of iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,364 shares of the company’s stock after buying an additional 2,777 shares during the period. iShares S&P US Pref Stock Idx Fnd makes up about 1.7% of Patriot Wealth Management Inc.’s portfolio, making the stock its 16th largest position. Patriot Wealth Management Inc.’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $11,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LS Investment Advisors LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd during the third quarter worth $101,000. AllSquare Wealth Management LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd during the third quarter worth $101,000. Wealthcare Advisory Partners LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd during the third quarter worth $134,000. Norway Savings Bank raised its holdings in iShares S&P US Pref Stock Idx Fnd by 55.7% during the third quarter. Norway Savings Bank now owns 4,991 shares of the company’s stock worth $194,000 after buying an additional 1,785 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd during the second quarter worth $202,000.

Shares of iShares S&P US Pref Stock Idx Fnd (NASDAQ PFF) traded down $0.07 during mid-day trading on Wednesday, hitting $38.07. 3,479,715 shares of the stock traded hands, compared to its average volume of 4,112,243. The stock has a market capitalization of $17,660.00, a P/E ratio of 12.01 and a beta of 0.18. iShares S&P US Pref Stock Idx Fnd has a 52 week low of $37.55 and a 52 week high of $39.31.

The company also recently announced a monthly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 22nd were issued a $0.099 dividend. The ex-dividend date was Thursday, December 21st. This represents a $1.19 annualized dividend and a dividend yield of 3.12%. iShares S&P US Pref Stock Idx Fnd’s dividend payout ratio is currently 67.19%.

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iShares S&P US Pref Stock Idx Fnd 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.

Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF).

Institutional Ownership by Quarter for iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF)

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