Graypoint LLC Sells 170,821 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Graypoint LLC cut its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 68.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 77,028 shares of the company’s stock after selling 170,821 shares during the period. Graypoint LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. SVB Wealth LLC increased its position 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 in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares Preferred and Income Securities ETF by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after purchasing an additional 81,413 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares Preferred and Income Securities ETF by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,733,275 shares of the company’s stock valued at $52,258,000 after acquiring an additional 513,167 shares in the last quarter. Janney Montgomery Scott LLC increased 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 acquiring an additional 375,400 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $28,841,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.7 %

PFF opened at $31.25 on Friday. The stock has a market capitalization of $14.51 billion, a PE 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 $32.66. The firm has a 50-day moving average price of $32.01 and a two-hundred day moving average price of $30.93.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1561 dividend. This represents a $1.87 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend was Monday, April 1st.

iShares Preferred and Income Securities ETF Profile

(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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