Westwood Holdings Group Inc. boosted its stake in iShares US Preferred Stock ETF (NASDAQ:PFF) by 3,814.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,975 shares of the company’s stock after buying an additional 45,775 shares during the quarter. Westwood Holdings Group Inc.’s holdings in iShares US Preferred Stock ETF were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in iShares US Preferred Stock ETF by 563.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,377,632 shares of the company’s stock valued at $124,398,000 after acquiring an additional 2,868,691 shares during the last quarter. Price Capital Management Inc. acquired a new stake in iShares US Preferred Stock ETF in the 1st quarter valued at about $66,259,000. Bank of America Corp DE raised its holdings in iShares US Preferred Stock ETF by 4.8% in the 2nd quarter. Bank of America Corp DE now owns 13,613,254 shares of the company’s stock valued at $501,648,000 after acquiring an additional 620,630 shares during the last quarter. AJ Wealth Strategies LLC raised its holdings in iShares US Preferred Stock ETF by 5,218.0% in the 1st quarter. AJ Wealth Strategies LLC now owns 462,929 shares of the company’s stock valued at $16,920,000 after acquiring an additional 454,224 shares during the last quarter. Finally, Morgan Stanley raised its holdings in iShares US Preferred Stock ETF by 7.3% in the 2nd quarter. Morgan Stanley now owns 6,343,374 shares of the company’s stock valued at $233,753,000 after acquiring an additional 431,133 shares during the last quarter.

PFF stock traded up $0.09 during mid-day trading on Monday, reaching $37.50. The company’s stock had a trading volume of 92,203 shares, compared to its average volume of 3,452,386. iShares US Preferred Stock ETF has a fifty-two week low of $33.26 and a fifty-two week high of $37.52. The company’s 50 day moving average is $37.24 and its two-hundred day moving average is $36.83.

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.

Further Reading: Why do analysts give a neutral rating?

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

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