Squar Milner Financial Services LLC Reduces Stock Position in iShares US Preferred Stock ETF (NASDAQ:PFF)

Squar Milner Financial Services LLC cut its stake in iShares US Preferred Stock ETF (NASDAQ:PFF) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,281 shares of the company’s stock after selling 5,575 shares during the period. iShares US Preferred Stock ETF makes up approximately 0.7% of Squar Milner Financial Services LLC’s holdings, making the stock its 22nd largest holding. Squar Milner Financial Services LLC’s holdings in iShares US Preferred Stock ETF were worth $1,061,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital City Trust Co. FL increased its stake in shares of iShares US Preferred Stock ETF by 1.4% during the 2nd quarter. Capital City Trust Co. FL now owns 19,543 shares of the company’s stock worth $720,000 after purchasing an additional 275 shares in the last quarter. SNS Financial Group LLC increased its stake in shares of iShares US Preferred Stock ETF by 1.9% during the 2nd quarter. SNS Financial Group LLC now owns 16,267 shares of the company’s stock worth $599,000 after purchasing an additional 300 shares in the last quarter. Omega Financial Group LLC increased its stake in shares of iShares US Preferred Stock ETF by 4.9% during the 3rd quarter. Omega Financial Group LLC now owns 6,435 shares of the company’s stock worth $242,000 after purchasing an additional 300 shares in the last quarter. Carmichael Hill & Associates Inc. increased its stake in shares of iShares US Preferred Stock ETF by 1.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 19,114 shares of the company’s stock worth $704,000 after purchasing an additional 315 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in iShares US Preferred Stock ETF by 13.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,777 shares of the company’s stock worth $102,000 after acquiring an additional 329 shares during the period.

PFF stock traded up $0.07 during midday trading on Wednesday, hitting $37.68. The stock had a trading volume of 2,176,596 shares, compared to its average volume of 3,436,840. iShares US Preferred Stock ETF has a 12-month low of $33.26 and a 12-month high of $37.60. The company’s 50-day moving average price is $37.35 and its 200 day moving average price is $36.98.

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.

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

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