Canal Capital Management LLC Acquires Shares of 14,412 iShares US Preferred Stock ETF (PFF)

Canal Capital Management LLC acquired a new position in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,412 shares of the company’s stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PFF. MCF Advisors LLC boosted its position in iShares US Preferred Stock ETF by 159.5% during the fourth quarter. MCF Advisors LLC now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 477 shares during the period. Ruggie Capital Group bought a new position in iShares US Preferred Stock ETF during the fourth quarter worth about $32,000. Intercontinental Wealth Advisors LLC bought a new position in iShares US Preferred Stock ETF during the fourth quarter worth about $55,000. We Are One Seven LLC bought a new position in iShares US Preferred Stock ETF during the fourth quarter worth about $57,000. Finally, Financial Gravity Companies Inc. bought a new position in iShares US Preferred Stock ETF during the fourth quarter worth about $61,000.

Shares of NASDAQ:PFF opened at $35.65 on Monday. iShares US Preferred Stock ETF has a twelve month low of $33.26 and a twelve month high of $38.08.

The firm also recently announced a monthly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, February 4th were given a dividend of $0.1694 per share. The ex-dividend date was Friday, February 1st. This represents a $2.03 dividend on an annualized basis and a yield of 5.70%.

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

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