Towercrest Capital Management Grows Holdings in iShares S&P US Pref Stock Idx Fnd (PFF)

Towercrest Capital Management raised its stake in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 29.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,282 shares of the company’s stock after buying an additional 19,685 shares during the period. iShares S&P US Pref Stock Idx Fnd comprises 2.7% of Towercrest Capital Management’s holdings, making the stock its 15th biggest holding. Towercrest Capital Management’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC boosted its position in iShares S&P US Pref Stock Idx Fnd by 8.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,661 shares of the company’s stock valued at $104,000 after buying an additional 206 shares during the period. Ballentine Partners LLC purchased a new stake in iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at about $105,000. BDO Wealth Advisors LLC purchased a new stake in iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at about $129,000. Highstreet Asset Management Inc. purchased a new stake in iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at about $196,000. Finally, Baker Ellis Asset Management LLC boosted its position in iShares S&P US Pref Stock Idx Fnd by 94.1% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 5,166 shares of the company’s stock valued at $202,000 after buying an additional 2,504 shares during the period.

iShares S&P US Pref Stock Idx Fnd (PFF) traded up 0.10% during midday trading on Tuesday, reaching $38.36. 790,033 shares of the company’s stock traded hands. The firm’s 50-day moving average is $38.78 and its 200-day moving average is $38.90. iShares S&P US Pref Stock Idx Fnd has a 1-year low of $36.70 and a 1-year high of $39.46.

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 6th. Stockholders of record on Tuesday, October 3rd were paid a $0.1751 dividend. This represents a $2.10 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Monday, October 2nd.

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iShares S&P US Pref Stock Idx Fnd 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.

Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P US Pref Stock Idx Fnd (NYSE:PFF).

Institutional Ownership by Quarter for iShares S&P US Pref Stock Idx Fnd (NYSE:PFF)

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