Aviance Capital Management LLC reduced its position in iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 257,932 shares of the company’s stock after selling 114,325 shares during the quarter. Aviance Capital Management LLC’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $9,819,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PFF. Alliancebernstein L.P. boosted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 2.3% in the 2nd quarter. Alliancebernstein L.P. now owns 24,453 shares of the company’s stock valued at $958,000 after purchasing an additional 554 shares during the last quarter. Northern Trust Corp boosted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 14.2% in the 2nd quarter. Northern Trust Corp now owns 26,258 shares of the company’s stock valued at $1,029,000 after purchasing an additional 3,263 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at $23,438,000. The Manufacturers Life Insurance Company boosted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 33.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,186 shares of the company’s stock valued at $2,044,000 after purchasing an additional 13,079 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 13.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,774 shares of the company’s stock valued at $343,000 after purchasing an additional 1,052 shares during the last quarter.

Shares of iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) opened at $36.93 on Wednesday. iShares S&P US Pref Stock Idx Fnd has a 12 month low of $36.52 and a 12 month high of $39.31. The company has a market cap of $16,590.00, a price-to-earnings ratio of 11.65 and a beta of 0.15.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were paid a $0.189 dividend. This is a positive change from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.10. This represents a $2.27 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend was Thursday, February 1st. iShares S&P US Pref Stock Idx Fnd’s dividend payout ratio is currently 67.19%.

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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.

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 (NASDAQ:PFF).

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

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