Park Avenue Securities LLC Acquires Shares of 86,245 iShares S&P US Pref Stock Idx Fnd (PFF)

Park Avenue Securities LLC acquired a new position in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 86,245 shares of the company’s stock, valued at approximately $3,343,000.

Other large investors have also made changes to their positions in the company. Cue Financial Group Inc. raised its position in iShares S&P US Pref Stock Idx Fnd by 198.1% in the second quarter. Cue Financial Group Inc. now owns 36,794 shares of the company’s stock valued at $1,441,000 after buying an additional 24,450 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 17.2% in the second quarter. Aviance Capital Partners LLC now owns 24,440 shares of the company’s stock valued at $957,000 after buying an additional 3,581 shares during the period. Steinberg Global Asset Management raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.4% in the second quarter. Steinberg Global Asset Management now owns 200,486 shares of the company’s stock valued at $7,853,000 after buying an additional 2,718 shares during the period. SPC Financial Inc. raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 12.6% in the second quarter. SPC Financial Inc. now owns 7,160 shares of the company’s stock valued at $280,000 after buying an additional 800 shares during the period. Finally, Meridian Wealth Management LLC raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.8% in the second quarter. Meridian Wealth Management LLC now owns 13,868 shares of the company’s stock valued at $543,000 after buying an additional 239 shares during the period.

Shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) traded down 0.90% during trading on Thursday, reaching $38.62. The company had a trading volume of 4,436,044 shares. iShares S&P US Pref Stock Idx Fnd has a 52-week low of $36.70 and a 52-week high of $40.30. The firm has a 50-day moving average price of $39.13 and a 200-day moving average price of $38.75.

The business also recently disclosed a monthly dividend, which was paid on Monday, August 7th. Stockholders of record on Thursday, August 3rd were issued a $0.1768 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Tuesday, August 1st.

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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.