Bessemer Group Inc. lowered its position in shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) by 16.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653,549 shares of the company’s stock after selling 314,660 shares during the period. Bessemer Group Inc.’s holdings in iShares S&P US Pref Stock Idx Fnd were worth $64,770,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in PFF. 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 worth $543,000 after buying an additional 239 shares during the period. Capital City Trust Co. FL raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 4.1% in the second quarter. Capital City Trust Co. FL now owns 12,381 shares of the company’s stock worth $485,000 after buying an additional 483 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 worth $280,000 after buying an additional 800 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 worth $7,853,000 after buying an additional 2,718 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of iShares S&P US Pref Stock Idx Fnd by 104.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,333 shares of the company’s stock worth $209,000 after buying an additional 2,722 shares during the period.

Shares of iShares S&P US Pref Stock Idx Fnd (NYSE:PFF) opened at 39.11 on Friday. iShares S&P US Pref Stock Idx Fnd has a one year low of $36.69 and a one year high of $40.34. The firm’s 50-day moving average is $39.11 and its 200-day moving average is $38.71.

The firm also recently announced a monthly dividend, which will be paid on Monday, August 7th. Stockholders of record on Thursday, August 3rd will be paid a dividend of $0.1768 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Tuesday, August 1st.

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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.

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

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