iShares Preferred and Income Securities ETF

PFF

Market cap $13.3B

PFF Hedge Fund Activity: Q3 2013 in Review

348 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in iShares Preferred and Income Securities ETF (PFF) for Q3 2013, worth a combined $3.16B — down 16% from $3.76B a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of PFF and 34 opened new positions — a net loss of 9 holders — while 170 trimmed existing stakes and 107 added.

The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $8.26M. The largest seller was Deutsche Bank, cutting an estimated $56.3M.

• 348 institutional investors held iShares Preferred and Income Securities ETF (PFF) as of Q3 2013, down from 360 in Q2 2013.
• Funds reported $3.16B of iShares Preferred and Income Securities ETF stock for Q3 2013, down 16% quarter-over-quarter.
• 34 funds opened new iShares Preferred and Income Securities ETF positions in Q3 2013 and 43 closed out, a net change of -9 holders.
• The largest iShares Preferred and Income Securities ETF buyer in Q3 2013 was Janney Montgomery Scott, an estimated $8.26M added.
• The largest iShares Preferred and Income Securities ETF seller in Q3 2013 was Deutsche Bank, an estimated $56.3M sold.

Based on aggregated 13F filings for Q3 2013.