Meeder Asset Management Inc. Grows Stock Holdings in iShares US Preferred Stock ETF (NASDAQ:PFF)

Meeder Asset Management Inc. increased its stake in shares of iShares US Preferred Stock ETF (NASDAQ:PFF) by 592.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,073 shares of the company’s stock after buying an additional 918 shares during the period. Meeder Asset Management Inc.’s holdings in iShares US Preferred Stock ETF were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PFF. FMR LLC lifted its holdings in shares of iShares US Preferred Stock ETF by 1.1% in the fourth quarter. FMR LLC now owns 6,061,287 shares of the company’s stock valued at $227,843,000 after purchasing an additional 63,599 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares US Preferred Stock ETF by 10.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,277,533 shares of the company’s stock valued at $198,382,000 after purchasing an additional 498,167 shares in the last quarter. US Bancorp DE lifted its holdings in shares of iShares US Preferred Stock ETF by 2.6% in the fourth quarter. US Bancorp DE now owns 2,606,214 shares of the company’s stock valued at $97,968,000 after purchasing an additional 64,880 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares US Preferred Stock ETF by 0.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,996,542 shares of the company’s stock valued at $75,050,000 after purchasing an additional 11,937 shares in the last quarter. Finally, Grimes & Company Inc. lifted its holdings in shares of iShares US Preferred Stock ETF by 4.3% in the fourth quarter. Grimes & Company Inc. now owns 1,981,505 shares of the company’s stock valued at $74,485,000 after purchasing an additional 81,412 shares in the last quarter.

Shares of NASDAQ PFF traded up $2.02 on Thursday, hitting $32.39. The company’s stock had a trading volume of 443,562 shares, compared to its average volume of 8,080,986. iShares US Preferred Stock ETF has a 12-month low of $23.85 and a 12-month high of $38.33. The stock has a 50 day moving average of $35.29 and a 200-day moving average of $36.92.

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.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

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

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