iShares S&P US Pref Stock Idx Fnd (PFF) Stake Raised by Synovus Financial Corp

Synovus Financial Corp raised its holdings in iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 370,118 shares of the company’s stock after buying an additional 44,919 shares during the quarter. Synovus Financial Corp owned about 0.08% of iShares S&P US Pref Stock Idx Fnd worth $14,355,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC bought a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 3rd quarter worth approximately $101,000. AllSquare Wealth Management LLC bought a new stake in shares of iShares S&P US Pref Stock Idx Fnd in the 3rd quarter worth approximately $101,000. Mosaic Family Wealth LLC grew its position in shares of 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 buying an additional 206 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of iShares S&P US Pref Stock Idx Fnd during the second quarter valued at approximately $105,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of iShares S&P US Pref Stock Idx Fnd during the second quarter valued at approximately $129,000.

Shares of iShares S&P US Pref Stock Idx Fnd (NASDAQ:PFF) opened at $38.43 on Tuesday. iShares S&P US Pref Stock Idx Fnd has a 1 year low of $36.77 and a 1 year high of $39.31.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, December 4th will be given a dividend of $0.1925 per share. The ex-dividend date is Friday, December 1st. This is a positive change from iShares S&P US Pref Stock Idx Fnd’s previous monthly dividend of $0.18. This represents a $2.31 annualized dividend and a dividend yield of 6.01%. iShares S&P US Pref Stock Idx Fnd’s payout ratio is currently 70.03%.

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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 (NASDAQ:PFF).

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

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