First National Bank of Hutchinson Invests $202,000 in iShares US Preferred Stock ETF (PFF) Stock

First National Bank of Hutchinson acquired a new position in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 5,449 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors also recently bought and sold shares of the business. Morgan Stanley lifted its holdings in shares of iShares US Preferred Stock ETF by 4.1% in the 2nd quarter. Morgan Stanley now owns 5,942,773 shares of the company’s stock valued at $224,102,000 after buying an additional 233,968 shares during the period. MD Financial Management Inc. lifted its holdings in shares of iShares US Preferred Stock ETF by 9.1% in the 2nd quarter. MD Financial Management Inc. now owns 3,408,170 shares of the company’s stock valued at $128,522,000 after buying an additional 285,541 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of iShares US Preferred Stock ETF in the 2nd quarter valued at approximately $3,244,000. US Bancorp DE lifted its holdings in shares of iShares US Preferred Stock ETF by 3.6% in the 2nd quarter. US Bancorp DE now owns 2,806,953 shares of the company’s stock valued at $105,850,000 after buying an additional 98,669 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares US Preferred Stock ETF by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,006,847 shares of the company’s stock valued at $75,678,000 after buying an additional 14,018 shares during the period.

PFF stock traded down $0.11 during midday trading on Friday, hitting $36.11. 128,619 shares of the stock were exchanged, compared to its average volume of 2,819,917. iShares US Preferred Stock ETF has a fifty-two week low of $35.81 and a fifty-two week high of $38.72.



The company also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were issued a dividend of $0.1592 per share. The ex-dividend date of this dividend was Monday, October 1st. This represents a $1.91 annualized dividend and a yield of 5.29%.

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.

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

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