Burns J W & Co. Inc. NY Decreases Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Burns J W & Co. Inc. NY decreased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,648 shares of the company’s stock after selling 2,267 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in iShares Preferred and Income Securities ETF were worth $272,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. First PREMIER Bank purchased a new position in iShares Preferred and Income Securities ETF during the third quarter worth $53,000. BNP Paribas Financial Markets bought a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $67,000. Eastern Bank purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth about $71,000. Kieckhefer Group LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 4th quarter worth about $83,000. Finally, Bogart Wealth LLC lifted its stake in iShares Preferred and Income Securities ETF by 13.3% in the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after purchasing an additional 471 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF traded down $0.15 during mid-day trading on Monday, reaching $30.93. 5,950,905 shares of the company’s stock traded hands, compared to its average volume of 5,184,809. The stock’s 50-day moving average is $32.23 and its two-hundred day moving average is $32.35. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The stock has a market cap of $14.33 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares Preferred and Income Securities ETF Profile

(Free Report)

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 Preferred and Income Securities ETF (NASDAQ:PFF)

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