CLS Investments LLC cut its position in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,135 shares of the company’s stock after selling 7,274 shares during the period. CLS Investments LLC’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $9,054,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mosaic Family Wealth LLC raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 8.4% in the second quarter. Mosaic Family Wealth LLC now owns 2,661 shares of the company’s stock worth $104,000 after buying an additional 206 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of iShares S&P US Pref Stock Idx Fnd during the second quarter worth about $105,000. BDO Wealth Advisors LLC purchased a new stake in shares of iShares S&P US Pref Stock Idx Fnd during the second quarter worth about $129,000. Highstreet Asset Management Inc. purchased a new stake in shares of iShares S&P US Pref Stock Idx Fnd during the second quarter worth about $196,000. Finally, Baker Ellis Asset Management LLC raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 94.1% in the second quarter. Baker Ellis Asset Management LLC now owns 5,166 shares of the company’s stock worth $202,000 after buying an additional 2,504 shares during the last quarter.

Shares of iShares S&P US Pref Stock Idx Fnd (PFF) traded up 0.245% during trading on Friday, reaching $38.845. 1,522,458 shares of the company were exchanged. iShares S&P US Pref Stock Idx Fnd has a 1-year low of $36.70 and a 1-year high of $40.20. The firm has a 50-day moving average price of $39.02 and a 200-day moving average price of $38.81.

The company also recently announced a monthly dividend, which was paid on Monday, August 7th. Stockholders of record on Thursday, August 3rd were paid a $0.1768 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.46%.

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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.

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

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