iShares Preferred and Income Securities ETF (NASDAQ:PFF) Holdings Trimmed by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. trimmed its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,032 shares of the company’s stock after selling 520 shares during the period. iShares Preferred and Income Securities ETF makes up about 0.9% of Burke & Herbert Bank & Trust Co.’s holdings, making the stock its 29th biggest position. Burke & Herbert Bank & Trust Co.’s holdings in iShares Preferred and Income Securities ETF were worth $3,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Viewpoint Capital Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at $43,000. First PREMIER Bank bought a new stake in iShares Preferred and Income Securities ETF in the third quarter valued at $53,000. Future Financial Wealth Managment LLC acquired a new position in iShares Preferred and Income Securities ETF during the first quarter worth $56,000. Finally, Webster Bank N. A. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 34.8% during the first quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock valued at $60,000 after acquiring an additional 482 shares during the period. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF traded up $0.12 during trading hours on Friday, hitting $33.15. The stock had a trading volume of 377,333 shares, compared to its average volume of 3,983,876. iShares Preferred and Income Securities ETF has a 52 week low of $28.38 and a 52 week high of $33.59. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The company’s fifty day moving average is $32.90 and its two-hundred day moving average is $32.00.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1632 dividend. The ex-dividend date of this dividend was Tuesday, September 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.