Northwestern Mutual Wealth Management Co. Has $83.09 Million Stake in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF)

Northwestern Mutual Wealth Management Co. lowered its stake in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,121,325 shares of the company’s stock after selling 54,290 shares during the quarter. iShares S&P US Pref Stock Idx Fnd accounts for about 0.7% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 24th largest position. Northwestern Mutual Wealth Management Co. owned 0.44% of iShares S&P US Pref Stock Idx Fnd worth $83,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of PFF. FCG Advisors LLC grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 0.3% during the second quarter. FCG Advisors LLC now owns 8,438 shares of the company’s stock worth $331,000 after purchasing an additional 26 shares in the last quarter. Blue Sky Asset Management LLC grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.0% during the second quarter. Blue Sky Asset Management LLC now owns 7,335 shares of the company’s stock worth $287,000 after purchasing an additional 72 shares in the last quarter. New England Private Wealth Advisors LLC grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 0.4% during the second quarter. New England Private Wealth Advisors LLC now owns 35,848 shares of the company’s stock worth $1,403,000 after purchasing an additional 130 shares in the last quarter. Weatherly Asset Management L. P. grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 0.3% during the second quarter. Weatherly Asset Management L. P. now owns 59,925 shares of the company’s stock worth $2,347,000 after purchasing an additional 151 shares in the last quarter. Finally, Boys Arnold & Co. Inc. grew its stake in shares of iShares S&P US Pref Stock Idx Fnd by 1.1% during the second quarter. Boys Arnold & Co. Inc. now owns 14,400 shares of the company’s stock worth $564,000 after purchasing an additional 152 shares in the last quarter.

Shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) traded up 0.10% during trading on Friday, hitting $38.91. 1,573,073 shares of the company were exchanged. iShares S&P US Pref Stock Idx Fnd has a 12 month low of $36.69 and a 12 month high of $39.86. The company’s 50-day moving average price is $38.91 and its 200 day moving average price is $38.84.

The company also recently announced a monthly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, September 6th were issued a $0.1773 dividend. This is a positive change from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.18. The ex-dividend date was Friday, September 1st. This represents a $2.13 annualized dividend and a dividend yield of 5.47%.

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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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