Transcend Capital Advisors LLC Sells 62,521 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Transcend Capital Advisors LLC trimmed its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 73.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,895 shares of the company’s stock after selling 62,521 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PFF. JPMorgan Chase & Co. boosted its holdings in iShares Preferred and Income Securities ETF by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after purchasing an additional 491,005 shares during the period. Hilton Capital Management LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 19.9% in the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares during the period. Kentucky Trust Co bought a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $5,477,000. Ibex Wealth Advisors bought a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $3,755,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 7.7% in the third quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after buying an additional 104,770 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.1 %

Shares of PFF stock opened at $31.63 on Friday. The stock has a 50 day moving average of $31.68 and a two-hundred day moving average of $32.35. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The company has a market capitalization of $14.68 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.1755 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous dividend of $0.16. The ex-dividend date was Monday, February 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.