iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stock Position Lowered by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. decreased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 73,782 shares of the company’s stock after selling 491 shares during the quarter. ST Germain D J Co. Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $2,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PFF. Bank of New York Mellon Corp lifted its position in iShares Preferred and Income Securities ETF by 29.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,516 shares of the company’s stock worth $2,414,000 after buying an additional 17,453 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at $330,000. Zions Bancorporation N.A. bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at $174,000. Stolper Co raised its holdings in shares of iShares Preferred and Income Securities ETF by 2.5% during the 2nd quarter. Stolper Co now owns 15,413 shares of the company’s stock valued at $486,000 after purchasing an additional 371 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 10.2% during the 2nd quarter. Greenwich Wealth Management LLC now owns 7,697 shares of the company’s stock valued at $243,000 after purchasing an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 1.3 %

iShares Preferred and Income Securities ETF stock opened at $31.08 on Friday. The company has a market capitalization of $14.42 billion, a P/E ratio of 3.91 and a beta of 0.51. The firm’s fifty day simple moving average is $32.23 and its 200-day simple moving average is $32.34. 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 declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.82%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.