Bank of New York Mellon Corp Trims Position in iShares S&P US Pref Stock Idx Fnd (PFF)

Bank of New York Mellon Corp trimmed its holdings in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 9.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 684,205 shares of the company’s stock after selling 73,259 shares during the period. Bank of New York Mellon Corp’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $26,800,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of iShares S&P US Pref Stock Idx Fnd by 252.0% in the 2nd quarter. SG Americas Securities LLC now owns 88,000 shares of the company’s stock valued at $3,447,000 after acquiring an additional 63,000 shares in the last quarter. Strategic Point Investment Advisors LLC lifted its position in iShares S&P US Pref Stock Idx Fnd by 0.5% in the 2nd quarter. Strategic Point Investment Advisors LLC now owns 339,984 shares of the company’s stock worth $13,317,000 after buying an additional 1,598 shares in the last quarter. Dearborn Capital Management LLC lifted its position in iShares S&P US Pref Stock Idx Fnd by 16.4% in the 2nd quarter. Dearborn Capital Management LLC now owns 86,100 shares of the company’s stock worth $3,373,000 after buying an additional 12,100 shares in the last quarter. NewSquare Capital LLC lifted its position in iShares S&P US Pref Stock Idx Fnd by 4.2% in the 2nd quarter. NewSquare Capital LLC now owns 109,395 shares of the company’s stock worth $4,285,000 after buying an additional 4,377 shares in the last quarter. Finally, Fiduciary Financial Services of The Southwest Inc. TX lifted its position in iShares S&P US Pref Stock Idx Fnd by 10.8% in the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 50,585 shares of the company’s stock worth $1,981,000 after buying an additional 4,921 shares in the last quarter.

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 52-week low of $36.70 and a 52-week high of $39.86. The firm has a 50-day moving average of $38.95 and a 200-day moving average of $38.84.

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

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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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