Destination Wealth Management Boosts Holdings in iShares S&P US Pref Stock Idx Fnd (PFF)

Destination Wealth Management boosted its holdings in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,721 shares of the company’s stock after acquiring an additional 9,010 shares during the quarter. Destination Wealth Management’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $4,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Comerica Securities Inc. grew its holdings in iShares S&P US Pref Stock Idx Fnd by 10.4% during the 2nd quarter. Comerica Securities Inc. now owns 29,564 shares of the company’s stock worth $1,158,000 after acquiring an additional 2,789 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in iShares S&P US Pref Stock Idx Fnd by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,497,580 shares of the company’s stock worth $215,283,000 after acquiring an additional 232,091 shares during the last quarter. Chemical Bank grew its holdings in iShares S&P US Pref Stock Idx Fnd by 17.8% during the 2nd quarter. Chemical Bank now owns 14,903 shares of the company’s stock worth $584,000 after acquiring an additional 2,252 shares during the last quarter. Strategic Advisors LLC grew its holdings in iShares S&P US Pref Stock Idx Fnd by 8.3% during the 2nd quarter. Strategic Advisors LLC now owns 11,204 shares of the company’s stock worth $439,000 after acquiring an additional 857 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in iShares S&P US Pref Stock Idx Fnd by 1.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 28,013 shares of the company’s stock worth $1,097,000 after acquiring an additional 300 shares during the last quarter.

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iShares S&P US Pref Stock Idx Fnd (NYSE PFF) traded up 0.03% during midday trading on Friday, reaching $38.88. 384,598 shares of the company’s 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 $39.86. The firm has a 50 day moving average of $38.92 and a 200-day moving average of $38.84.

The firm also recently declared a monthly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.1773 per share. The ex-dividend date was Friday, September 1st. This is an increase from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.18. This represents a $2.13 annualized dividend and a dividend yield of 5.48%.

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.

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

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