iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 79.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,101 shares of the company’s stock after selling 91,950 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Preferred and Income Securities ETF were worth $726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PFF. YANKCOM Partnership purchased a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $27,000. Compass Financial Services Inc purchased a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $34,000. Hoese & Co LLP acquired a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth $53,000. Finally, Bank of Jackson Hole Trust purchased a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at $64,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $31.10 on Thursday. The stock has a market capitalization of $14.43 billion, a P/E ratio of 3.86 and a beta of 0.51. 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 fifty day moving average is $31.57 and its two-hundred day moving average is $32.24.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1731 per share. The ex-dividend date was Monday, March 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.