Dumont & Blake Investment Advisors LLC Decreases Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Dumont & Blake Investment Advisors LLC decreased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,270 shares of the company’s stock after selling 5,323 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,555,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Interstate Bank raised its stake in iShares Preferred and Income Securities ETF by 0.6% in the 3rd quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock valued at $54,870,000 after acquiring an additional 10,148 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 6.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock worth $48,913,000 after purchasing an additional 90,356 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Preferred and Income Securities ETF by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after purchasing an additional 491,005 shares during the period. Hilton Capital Management LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 19.9% during the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in shares of iShares Preferred and Income Securities ETF by 4.4% during the 3rd quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock valued at $34,373,000 after buying an additional 43,619 shares in the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock opened at $32.10 on Friday. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The company’s fifty day simple moving average is $31.98 and its two-hundred day simple moving average is $32.36. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a yield of 6.60%.

iShares Preferred and Income Securities ETF 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.