Verity Asset Management Inc. Has $750,000 Position in iShares S&P US Pref Stock Idx Fnd (PFF)

Verity Asset Management Inc. lessened its holdings in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 31.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,141 shares of the company’s stock after selling 8,753 shares during the period. Verity Asset Management Inc.’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $750,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PFF. JPMorgan Chase & Co. lifted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 758.6% in 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 during the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 3,734.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 589,509 shares of the company’s stock valued at $15,050,000 after purchasing an additional 574,134 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at $20,018,000. IndexIQ Advisors LLC lifted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 97.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 870,464 shares of the company’s stock valued at $34,096,000 after purchasing an additional 430,042 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. acquired a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 2nd quarter valued at $14,115,000.

iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) traded up 0.10% during midday trading on Friday, hitting $38.91. 1,573,073 shares of the company traded hands. 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 stock’s 50-day moving average is $38.91 and its 200-day moving average is $38.84.

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

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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 (NYSE:PFF).

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

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