Balanced Wealth Group LLC Lowers Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Balanced Wealth Group LLC trimmed its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,499 shares of the company’s stock after selling 14,720 shares during the period. iShares Preferred and Income Securities ETF comprises about 1.6% of Balanced Wealth Group LLC’s portfolio, making the stock its 12th largest position. Balanced Wealth Group LLC’s holdings in iShares Preferred and Income Securities ETF were worth $6,326,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth $27,000. Viewpoint Capital Management LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter valued at about $27,000. M&R Capital Management Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 280.0% during the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock valued at $31,000 after buying an additional 700 shares during the last quarter. Vima LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.2 %

NASDAQ PFF opened at $33.48 on Friday. The firm has a market cap of $15.20 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52 week low of $28.15 and a 52 week high of $33.49. The company has a 50 day moving average price of $32.14 and a 200 day moving average price of $31.82.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1632 per share. 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.