HL Financial Services LLC boosted its position in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 39.7% during the second quarter, Holdings Channel reports. The fund owned 50,566 shares of the company’s stock after buying an additional 14,363 shares during the period. HL Financial Services LLC’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $1,981,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PFF. Harbour Capital Advisors LLC increased its stake in iShares S&P US Pref Stock Idx Fnd by 3,734.2% in the second quarter. Harbour Capital Advisors LLC now owns 589,509 shares of the company’s stock worth $15,050,000 after buying an additional 574,134 shares during the last quarter. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in iShares S&P US Pref Stock Idx Fnd during the second quarter worth $4,894,000. Brave Asset Management Inc. increased its stake in iShares S&P US Pref Stock Idx Fnd by 36.1% in the second quarter. Brave Asset Management Inc. now owns 332,678 shares of the company’s stock worth $13,045,000 after buying an additional 88,248 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in iShares S&P US Pref Stock Idx Fnd during the second quarter worth $3,343,000. Finally, Janney Montgomery Scott LLC increased its stake in iShares S&P US Pref Stock Idx Fnd by 14.9% in the second quarter. Janney Montgomery Scott LLC now owns 401,812 shares of the company’s stock worth $15,739,000 after buying an additional 52,054 shares during the last quarter.

Shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) opened at 38.97 on Thursday. iShares S&P US Pref Stock Idx Fnd has a 52-week low of $36.70 and a 52-week high of $40.30. The company has a 50-day moving average price of $39.13 and a 200-day moving average price of $38.75.

The firm also recently announced a monthly dividend, which was paid on Monday, August 7th. Investors of record on Thursday, August 3rd were given a dividend of $0.1768 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Tuesday, August 1st.

ILLEGAL ACTIVITY WARNING: “HL Financial Services LLC Purchases 14,363 Shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/10/hl-financial-services-llc-purchases-14363-shares-of-ishares-sp-us-pref-stock-idx-fnd-nysepff.html.

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.

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)

Receive News & Stock Ratings for iShares S&P US Pref Stock Idx Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P US Pref Stock Idx Fnd and related stocks with our FREE daily email newsletter.