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

Northwestern Mutual Wealth Management Co. lessened its holdings in iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & 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 0.7% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 24th biggest 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 SEC filing.

Other large investors have also modified their holdings of the company. Mosaic Family Wealth LLC grew its holdings in iShares S&P US Pref Stock Idx Fnd by 8.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,661 shares of the company’s stock worth $104,000 after acquiring an additional 206 shares during the last quarter. Ballentine Partners LLC bought a new stake in iShares S&P US Pref Stock Idx Fnd in the 2nd quarter worth $105,000. BDO Wealth Advisors LLC bought a new stake in shares of iShares S&P US Pref Stock Idx Fnd during the 2nd quarter valued at about $129,000. Highstreet Asset Management Inc. bought a new stake in shares of iShares S&P US Pref Stock Idx Fnd during the 2nd quarter valued at about $196,000. Finally, Baker Ellis Asset Management LLC boosted its stake in shares of iShares S&P US Pref Stock Idx Fnd by 94.1% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 5,166 shares of the company’s stock valued at $202,000 after purchasing an additional 2,504 shares in the last quarter.

iShares S&P US Pref Stock Idx Fnd (NYSE PFF) opened at 38.79 on Monday. 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 company’s 50-day moving average is $38.89 and its 200-day moving average is $38.86.

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 $0.1773 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 5.49%. 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 of this dividend was Friday, September 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.

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

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