PFG Advisors Invests $842,000 in iShares S&P US Pref Stock Idx Fnd (PFF) Stock

PFG Advisors acquired a new stake in shares of iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 22,104 shares of the company’s stock, valued at approximately $842,000.

A number of other hedge funds also recently bought and sold shares of PFF. Alliancebernstein L.P. increased its position in 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 buying an additional 554 shares in the last quarter. Northern Trust Corp increased its position in 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 buying an additional 3,263 shares in the last quarter. Janus Henderson Group PLC bought a new position in iShares S&P US Pref Stock Idx Fnd during the 2nd quarter valued at approximately $23,438,000. The Manufacturers Life Insurance Company increased its position in 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 buying an additional 13,079 shares in the last quarter. Finally, Assetmark Inc. increased its position in 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 buying an additional 241,404 shares in 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 52-week low of $36.91 and a 52-week high of $39.31. The firm has a market capitalization of $16,960.00, a P/E 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. Investors of record on Friday, February 2nd will be given a dividend of $0.189 per share. This represents a $2.27 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, February 1st. This is a positive change 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 (DPR) is 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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