Prime Capital Investment Advisors LLC Sells 8,061 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Prime Capital Investment Advisors LLC cut its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 23.8% in the third quarter, Holdings Channel.com reports. The firm owned 25,827 shares of the company’s stock after selling 8,061 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $779,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. SVB Wealth LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 11.3% during the 1st quarter. SVB Wealth LLC now owns 2,652,556 shares of the company’s stock worth $96,607,000 after purchasing an additional 269,954 shares during the period. Ameriprise Financial Inc. boosted its position in iShares Preferred and Income Securities ETF by 20.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,859,940 shares of the company’s stock valued at $57,963,000 after buying an additional 320,206 shares during the period. JPMorgan Chase & Co. boosted its position in iShares Preferred and Income Securities ETF by 237.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,573,393 shares of the company’s stock valued at $49,122,000 after buying an additional 1,107,522 shares during the period. Janney Montgomery Scott LLC boosted its position in iShares Preferred and Income Securities ETF by 38.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,358,002 shares of the company’s stock valued at $40,944,000 after buying an additional 375,400 shares during the period. Finally, Baird Financial Group Inc. boosted its position in iShares Preferred and Income Securities ETF by 1.6% in the 1st quarter. Baird Financial Group Inc. now owns 796,440 shares of the company’s stock valued at $29,006,000 after buying an additional 12,581 shares during the period. 4.28% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $32.09 on Tuesday. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 8.31 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $28.15 and a 1 year high of $33.24. The firm has a 50-day moving average of $31.39 and a two-hundred day moving average of $30.45.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Friday, February 2nd were given a $0.1765 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $2.12 annualized dividend and a yield of 6.60%.

About iShares Preferred and Income Securities ETF

(Free Report)

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.

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Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report).

Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

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