Mechanics Bank Trust Department grew its position in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,840 shares of the company’s stock after purchasing an additional 9,745 shares during the period. Mechanics Bank Trust Department’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $4,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PFF. JPMorgan Chase & Co. grew its position in shares of iShares S&P US Pref Stock Idx Fnd by 758.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,246,425 shares of the company’s stock valued at $166,332,000 after purchasing an additional 3,751,827 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of iShares S&P US Pref Stock Idx Fnd by 98.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,271,314 shares of the company’s stock valued at $88,967,000 after purchasing an additional 1,126,138 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in shares of iShares S&P US Pref Stock Idx Fnd during the 3rd quarter valued at $29,798,000. Janus Henderson Group PLC purchased a new position in shares of iShares S&P US Pref Stock Idx Fnd during the 2nd quarter valued at $23,438,000. Finally, MML Investors Services LLC purchased a new position in shares of iShares S&P US Pref Stock Idx Fnd during the 2nd quarter valued at $23,136,000.

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iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) traded up 0.1559% on Tuesday, hitting $38.4699. 735,492 shares of the stock were exchanged. iShares S&P US Pref Stock Idx Fnd has a 12 month low of $36.70 and a 12 month high of $39.31. The company has a 50-day moving average of $38.63 and a 200 day moving average of $38.88.

The company 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 5.47%.

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 (NYSE:PFF).

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

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