Frontier Wealth Management LLC cut its stake in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 66.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,200 shares of the company’s stock after selling 26,374 shares during the period. Frontier Wealth Management LLC’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 4.4% in the second quarter. FMR LLC now owns 11,048,938 shares of the company’s stock worth $432,787,000 after acquiring an additional 463,804 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.7% in the second quarter. Wells Fargo & Company MN now owns 9,669,965 shares of the company’s stock worth $378,773,000 after acquiring an additional 160,253 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 5,497,580 shares of the company’s stock worth $215,283,000 after acquiring an additional 232,091 shares during the last quarter. Citigroup Inc. raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 5.0% in the second quarter. Citigroup Inc. now owns 5,034,623 shares of the company’s stock worth $197,206,000 after acquiring an additional 239,291 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 758.6% in the second quarter. JPMorgan Chase & Co. now owns 4,246,425 shares of the company’s stock worth $166,332,000 after acquiring an additional 3,751,827 shares during the last quarter.

Shares of iShares S&P US Pref Stock Idx Fnd (NYSE PFF) traded up 0.03% during trading on Friday, hitting $38.81. 3,573,748 shares of the company’s stock were exchanged. iShares S&P US Pref Stock Idx Fnd has a 1-year low of $36.70 and a 1-year high of $39.86. The stock’s 50-day moving average price is $38.89 and its 200-day moving average price is $38.86.

The business also recently declared a monthly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, September 6th were paid a $0.1773 dividend. This is an increase from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.18. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Friday, September 1st.

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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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