Capital Fund Management S.A. reduced its stake in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 72.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,728 shares of the company’s stock after selling 269,309 shares during the period. Capital Fund Management S.A.’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $4,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PFF. JPMorgan Chase & Co. grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 758.6% in the second quarter. JPMorgan Chase & Co. now owns 4,246,425 shares of the company’s stock worth $166,332,000 after acquiring an additional 3,751,827 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of 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 acquiring an additional 574,134 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the second quarter worth $20,018,000. IndexIQ Advisors LLC grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 97.6% in the second quarter. IndexIQ Advisors LLC now owns 870,464 shares of the company’s stock worth $34,096,000 after acquiring an additional 430,042 shares during the last quarter. Finally, Comprehensive Portfolio Management LLC purchased a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the second quarter worth $11,899,000.

Shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) opened at 38.93 on Wednesday. iShares S&P US Pref Stock Idx Fnd has a 1-year low of $36.70 and a 1-year high of $39.86. The stock has a 50 day moving average price of $38.95 and a 200-day moving average price of $38.84.

The firm also recently announced a monthly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, September 6th were paid a dividend of $0.1773 per share. This represents a $2.13 annualized dividend and a yield of 5.47%. This is an increase from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.18. The ex-dividend date was Friday, September 1st.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/13/capital-fund-management-s-a-sells-269309-shares-of-ishares-sp-us-pref-stock-idx-fnd-pff.html.

iShares S&P US Pref Stock Idx Fnd 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)

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.