Institute for Wealth Management LLC. acquired a new stake in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,240 shares of the company’s stock, valued at approximately $245,000.

Several other large investors also recently made changes to their positions in PFF. Cue Financial Group Inc. grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 198.1% during the second quarter. Cue Financial Group Inc. now owns 36,794 shares of the company’s stock valued at $1,441,000 after buying an additional 24,450 shares during the last quarter. SPC Financial Inc. increased its holdings in shares of iShares S&P US Pref Stock Idx Fnd by 12.6% in the second quarter. SPC Financial Inc. now owns 7,160 shares of the company’s stock worth $280,000 after buying an additional 800 shares during the period. Aviance Capital Partners LLC increased its holdings in shares of iShares S&P US Pref Stock Idx Fnd by 17.2% in the second quarter. Aviance Capital Partners LLC now owns 24,440 shares of the company’s stock worth $957,000 after buying an additional 3,581 shares during the period. Meridian Wealth Management LLC increased its holdings in shares of iShares S&P US Pref Stock Idx Fnd by 1.8% in the second quarter. Meridian Wealth Management LLC now owns 13,868 shares of the company’s stock worth $543,000 after buying an additional 239 shares during the period. Finally, Steinberg Global Asset Management lifted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.4% in the 2nd quarter. Steinberg Global Asset Management now owns 200,486 shares of the company’s stock valued at $7,853,000 after acquiring an additional 2,718 shares during the last quarter.

iShares S&P US Pref Stock Idx Fnd (PFF) traded up 0.16% during midday trading on Tuesday, hitting $38.59. The stock had a trading volume of 375,243 shares. 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 stock’s 50-day moving average is $38.84 and its 200-day moving average is $38.90.

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.1751 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $2.10 annualized dividend and a dividend yield of 5.45%.

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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 (NYSE:PFF)

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