Congress Asset Management Co. MA Sells 18,441 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Congress Asset Management Co. MA lowered its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,363 shares of the company’s stock after selling 18,441 shares during the quarter. Congress Asset Management Co. MA’s holdings in iShares Preferred and Income Securities ETF were worth $3,068,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PFF. Cohen & Steers Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 8,108.7% in the 4th quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock worth $172,830,000 after acquiring an additional 5,473,686 shares during the period. SG Americas Securities LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $28,841,000. Greenleaf Trust bought a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $22,619,000. Sanibel Captiva Trust Company Inc. bought a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $15,445,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 10.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,501,951 shares of the company’s stock worth $46,846,000 after buying an additional 143,949 shares during the period. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $31.41 on Tuesday. The company has a market capitalization of $14.36 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $28.15 and a one year high of $32.66. The business has a 50 day simple moving average of $31.39 and a 200 day simple moving average of $31.57.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were given a dividend of $0.1634 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.96 annualized dividend and a dividend yield of 6.24%.

iShares Preferred and Income Securities ETF 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.