Jacobus Wealth Management Inc. reduced its stake in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,351 shares of the company’s stock after selling 7,730 shares during the period. iShares S&P US Pref Stock Idx Fnd accounts for about 1.5% of Jacobus Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Jacobus Wealth Management Inc.’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $5,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. LS Investment Advisors LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd in the third quarter valued at approximately $101,000. Mosaic Family Wealth LLC boosted its position in shares of iShares S&P US Pref Stock Idx Fnd by 8.4% during the second quarter. Mosaic Family Wealth LLC now owns 2,661 shares of the company’s stock worth $104,000 after buying an additional 206 shares during the period. Ballentine Partners LLC acquired a new position in shares of iShares S&P US Pref Stock Idx Fnd during the second quarter worth approximately $105,000. BDO Wealth Advisors LLC acquired a new position in shares of iShares S&P US Pref Stock Idx Fnd during the second quarter worth approximately $129,000. Finally, Norway Savings Bank boosted its position in shares of iShares S&P US Pref Stock Idx Fnd by 55.7% during the third quarter. Norway Savings Bank now owns 4,991 shares of the company’s stock worth $194,000 after buying an additional 1,785 shares during the period.

Shares of iShares S&P US Pref Stock Idx Fnd (NYSE PFF) traded up $0.01 during midday trading on Friday, hitting $38.30. The stock had a trading volume of 2,498,851 shares, compared to its average volume of 2,480,000. iShares S&P US Pref Stock Idx Fnd has a fifty-two week low of $36.69 and a fifty-two week high of $39.31.

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 6th. Stockholders of record on Tuesday, October 3rd were given a dividend of $0.1751 per share. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $2.10 annualized dividend and a dividend yield of 5.49%.

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iShares S&P US Pref Stock Idx Fnd Company 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.

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

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