Summit Financial Wealth Advisors LLC increased its holdings in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 18.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 538,074 shares of the company’s stock after purchasing an additional 82,114 shares during the quarter. iShares S&P US Pref Stock Idx Fnd accounts for 7.6% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. Summit Financial Wealth Advisors LLC owned approximately 0.11% of iShares S&P US Pref Stock Idx Fnd worth $20,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PFF. Cue Financial Group Inc. grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 198.1% during the 2nd quarter. Cue Financial Group Inc. now owns 36,794 shares of the company’s stock worth $1,441,000 after acquiring an additional 24,450 shares in the last quarter. SPC Financial Inc. grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 12.6% during the 2nd quarter. SPC Financial Inc. now owns 7,160 shares of the company’s stock worth $280,000 after acquiring an additional 800 shares in the last quarter. Aviance Capital Partners LLC grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 17.2% during the 2nd quarter. Aviance Capital Partners LLC now owns 24,440 shares of the company’s stock worth $957,000 after acquiring an additional 3,581 shares in the last quarter. Meridian Wealth Management LLC grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.8% during the 2nd quarter. Meridian Wealth Management LLC now owns 13,868 shares of the company’s stock worth $543,000 after acquiring an additional 239 shares in the last quarter. Finally, Steinberg Global Asset Management grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.4% during the 2nd quarter. Steinberg Global Asset Management now owns 200,486 shares of the company’s stock worth $7,853,000 after acquiring an additional 2,718 shares in the last quarter.

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Shares of iShares S&P US Pref Stock Idx Fnd (PFF) traded up $0.01 on Monday, hitting $38.20. 712,515 shares of the stock traded hands, compared to its average volume of 2,560,000. iShares S&P US Pref Stock Idx Fnd has a one year low of $36.69 and a one year high of $39.31.

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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