iShares S&P US Pref Stock Idx Fnd (PFF) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lowered its stake in shares of iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) by 20.3% in the fourth quarter, Holdings Channel reports. The fund owned 5,600 shares of the company’s stock after selling 1,425 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PFF. Alliancebernstein L.P. increased its stake in shares of iShares S&P US Pref Stock Idx Fnd by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 24,453 shares of the company’s stock valued at $958,000 after acquiring an additional 554 shares during the last quarter. Northern Trust Corp increased its stake in shares of iShares S&P US Pref Stock Idx Fnd by 14.2% during the 2nd quarter. Northern Trust Corp now owns 26,258 shares of the company’s stock valued at $1,029,000 after acquiring an additional 3,263 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of iShares S&P US Pref Stock Idx Fnd during the 2nd quarter valued at about $23,438,000. The Manufacturers Life Insurance Company increased its stake in shares of iShares S&P US Pref Stock Idx Fnd by 33.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,186 shares of the company’s stock valued at $2,044,000 after acquiring an additional 13,079 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of iShares S&P US Pref Stock Idx Fnd by 16.0% during the 2nd quarter. Assetmark Inc. now owns 1,747,259 shares of the company’s stock valued at $68,440,000 after acquiring an additional 241,404 shares during the last quarter.

iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) opened at $36.97 on Monday. iShares S&P US Pref Stock Idx Fnd has a one year low of $36.91 and a one year high of $39.31. The company has a market cap of $16,960.00, a PE ratio of 11.66 and a beta of 0.15.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.189 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 6.13%. This is an increase from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.10. iShares S&P US Pref Stock Idx Fnd’s dividend payout ratio is currently 67.19%.

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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.

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 (NASDAQ:PFF).

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

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