iShares US Preferred Stock ETF (NASDAQ:PFF) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its stake in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 15.8% in the third quarter, Holdings Channel.com reports. The fund owned 5,831 shares of the company’s stock after selling 1,094 shares during the period. Parallel Advisors LLC’s holdings in iShares US Preferred Stock ETF were worth $219,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lincoln National Corp lifted its position in shares of iShares US Preferred Stock ETF by 18.0% during the 2nd quarter. Lincoln National Corp now owns 57,253 shares of the company’s stock valued at $2,110,000 after acquiring an additional 8,744 shares during the period. Buffington Mohr McNeal lifted its position in shares of iShares US Preferred Stock ETF by 9.4% during the 3rd quarter. Buffington Mohr McNeal now owns 38,274 shares of the company’s stock valued at $1,436,000 after acquiring an additional 3,273 shares during the period. SPC Financial Inc. lifted its position in shares of iShares US Preferred Stock ETF by 11.1% during the 2nd quarter. SPC Financial Inc. now owns 86,960 shares of the company’s stock valued at $3,204,000 after acquiring an additional 8,699 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of iShares US Preferred Stock ETF by 18.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 558,426 shares of the company’s stock valued at $20,578,000 after acquiring an additional 85,784 shares during the period. Finally, Synovus Financial Corp lifted its position in shares of iShares US Preferred Stock ETF by 3.4% during the 2nd quarter. Synovus Financial Corp now owns 487,521 shares of the company’s stock valued at $17,973,000 after acquiring an additional 15,818 shares during the period.

Shares of PFF stock traded up $0.01 during midday trading on Friday, reaching $37.04. 4,857,200 shares of the company traded hands, compared to its average volume of 3,463,135. iShares US Preferred Stock ETF has a 1-year low of $33.26 and a 1-year high of $37.71. The firm’s 50 day simple moving average is $37.41 and its two-hundred day simple moving average is $37.05.

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.

Further Reading: What are Institutional Investors?

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

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

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