Sunbelt Securities Inc. Trims Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Sunbelt Securities Inc. lowered its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,761 shares of the company’s stock after selling 456 shares during the period. Sunbelt Securities Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $734,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. grew its holdings in shares of iShares Preferred and Income Securities ETF by 8,108.7% in the fourth quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock valued at $172,830,000 after purchasing an additional 5,473,686 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares Preferred and Income Securities ETF by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after acquiring an additional 81,413 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 10.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,501,951 shares of the company’s stock valued at $46,846,000 after acquiring an additional 143,949 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at $28,841,000. Finally, Greenleaf Trust purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at $22,619,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

PFF opened at $31.61 on Friday. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The business has a fifty day moving average price of $31.47 and a 200 day moving average price of $31.61. iShares Preferred and Income Securities ETF has a 12 month low of $28.15 and a 12 month high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a dividend of $0.1634 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend was Monday, June 3rd.

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.