First Horizon Advisors Inc. Sells 6,541 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

First Horizon Advisors Inc. trimmed its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,765 shares of the company’s stock after selling 6,541 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of iShares Preferred and Income Securities ETF by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after acquiring an additional 491,005 shares in the last quarter. Hilton Capital Management LLC raised its holdings in iShares Preferred and Income Securities ETF by 19.9% in the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock worth $48,009,000 after purchasing an additional 239,661 shares in the last quarter. Kentucky Trust Co bought a new position in iShares Preferred and Income Securities ETF in the 4th quarter worth $5,477,000. Ibex Wealth Advisors purchased a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth about $3,755,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 7.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after purchasing an additional 104,770 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $31.83 on Wednesday. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The company’s 50-day moving average is $31.67 and its 200 day moving average is $32.36. The stock has a market capitalization of $14.77 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.1755 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares Preferred and Income Securities ETF’s previous dividend of $0.16.

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.