Private Advisor Group LLC Boosts Stake in iShares S&P US Pref Stock Idx Fnd (PFF)

Private Advisor Group LLC lifted its stake in shares of iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 349,630 shares of the company’s stock after buying an additional 9,567 shares during the period. Private Advisor Group LLC owned approximately 0.07% of iShares S&P US Pref Stock Idx Fnd worth $13,399,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 9.1% during the third quarter. Stifel Financial Corp now owns 530,796 shares of the company’s stock worth $20,612,000 after buying an additional 44,485 shares during the period. Pinebridge Investments L.P. lifted its position in iShares S&P US Pref Stock Idx Fnd by 18.9% during the third quarter. Pinebridge Investments L.P. now owns 759,589 shares of the company’s stock valued at $29,480,000 after purchasing an additional 120,952 shares during the period. HCR Wealth Advisors lifted its position in iShares S&P US Pref Stock Idx Fnd by 2.6% during the third quarter. HCR Wealth Advisors now owns 91,312 shares of the company’s stock valued at $3,470,000 after purchasing an additional 2,272 shares during the period. Welch & Forbes LLC lifted its position in iShares S&P US Pref Stock Idx Fnd by 15.9% during the third quarter. Welch & Forbes LLC now owns 430,444 shares of the company’s stock valued at $16,706,000 after purchasing an additional 59,020 shares during the period. Finally, MUFG Americas Holdings Corp lifted its position in iShares S&P US Pref Stock Idx Fnd by 3.4% during the third quarter. MUFG Americas Holdings Corp now owns 410,770 shares of the company’s stock valued at $15,942,000 after purchasing an additional 13,524 shares during the period.

iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) opened at $38.46 on Monday. iShares S&P US Pref Stock Idx Fnd has a 1 year low of $36.77 and a 1 year high of $39.31.

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, December 4th will be given a dividend of $0.1925 per share. The ex-dividend date of this dividend is Friday, December 1st. This is an increase from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.18. This represents a $2.31 dividend on an annualized basis and a yield of 6.01%. iShares S&P US Pref Stock Idx Fnd’s payout ratio is currently 70.03%.

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About iShares S&P US Pref Stock Idx Fnd

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.

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

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