New England Asset Management Inc. grew its position in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 92.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 68,452 shares of the company’s stock after buying an additional 32,900 shares during the period. New England Asset Management Inc.’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $2,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC increased its stake in shares of iShares S&P US Pref Stock Idx Fnd by 8.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,661 shares of the company’s stock valued at $104,000 after buying an additional 206 shares during the period. Ballentine Partners LLC acquired a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at $105,000. BDO Wealth Advisors LLC acquired a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at $129,000. Highstreet Asset Management Inc. acquired a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at $196,000. Finally, Baker Ellis Asset Management LLC increased its stake in shares of iShares S&P US Pref Stock Idx Fnd by 94.1% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 5,166 shares of the company’s stock valued at $202,000 after buying an additional 2,504 shares during the period.

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iShares S&P US Pref Stock Idx Fnd (PFF) traded down 0.3131% during midday trading on Friday, hitting $38.3595. The stock had a trading volume of 3,029,055 shares. The company has a 50-day moving average of $38.81 and a 200-day moving average of $38.90. 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 company also recently declared a monthly dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, October 3rd will be paid a $0.1751 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, October 2nd.

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.

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

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