Boston Research & Management Inc. Sells 975 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Boston Research & Management Inc. lessened its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,964 shares of the company’s stock after selling 975 shares during the quarter. Boston Research & Management Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $503,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cohen & Steers Inc. raised 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 valued at $172,830,000 after purchasing an additional 5,473,686 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth $15,445,000. Capital Square LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the first quarter valued at $9,048,000. Greenleaf Trust grew its holdings in shares of iShares Preferred and Income Securities ETF by 32.2% during the first quarter. Greenleaf Trust now owns 958,520 shares of the company’s stock valued at $30,893,000 after buying an additional 233,319 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at $6,851,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $33.48 on Friday. The stock has a 50-day moving average of $32.14 and a two-hundred day moving average of $31.82. The stock has a market cap of $15.20 billion, a P/E 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 $33.49.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1632 dividend. The ex-dividend date 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.