Dumont & Blake Investment Advisors LLC Sells 85,763 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Dumont & Blake Investment Advisors LLC reduced its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 49.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,593 shares of the company’s stock after selling 85,763 shares during the quarter. iShares Preferred and Income Securities ETF accounts for about 0.8% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 29th largest holding. Dumont & Blake Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,877,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Viewpoint Capital Management LLC bought a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Preferred and Income Securities ETF in the second quarter worth $43,000. First PREMIER Bank bought a new stake in iShares Preferred and Income Securities ETF in the third quarter valued at $53,000. Future Financial Wealth Managment LLC purchased a new position in iShares Preferred and Income Securities ETF during the 1st quarter valued at $56,000. Finally, Webster Bank N. A. raised its holdings in iShares Preferred and Income Securities ETF by 34.8% in the 1st quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock worth $60,000 after purchasing an additional 482 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.5 %

Shares of PFF traded up $0.15 during trading hours on Friday, reaching $33.18. 171,863 shares of the company traded hands, compared to its average volume of 3,982,883. iShares Preferred and Income Securities ETF has a 12 month low of $28.38 and a 12 month high of $33.59. The company’s fifty day moving average price is $32.90 and its two-hundred day moving average price is $32.00. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1632 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

About iShares Preferred and Income Securities ETF

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.