Peoples Bank KS Sells 495 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Peoples Bank KS cut its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,380 shares of the company’s stock after selling 495 shares during the period. iShares Preferred and Income Securities ETF accounts for about 2.9% of Peoples Bank KS’s investment portfolio, making the stock its 5th largest position. Peoples Bank KS’s holdings in iShares Preferred and Income Securities ETF were worth $4,129,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. First Interstate Bank lifted its position in shares of iShares Preferred and Income Securities ETF by 0.6% in the third quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock worth $54,870,000 after buying an additional 10,148 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after acquiring an additional 104,770 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $48,314,000 after purchasing an additional 491,005 shares during the last quarter. Hilton Capital Management LLC boosted its position in iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock worth $48,009,000 after purchasing an additional 239,661 shares during the period. Finally, Greenleaf Trust grew its holdings in iShares Preferred and Income Securities ETF by 4.4% during the third quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock valued at $34,373,000 after purchasing an additional 43,619 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Down 1.2 %

Shares of iShares Preferred and Income Securities ETF stock opened at $31.60 on Wednesday. The firm has a fifty day simple moving average of $32.32 and a 200-day simple moving average of $32.36. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1767 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.71%.

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.