Arkadios Wealth Advisors Sells 16,384 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Arkadios Wealth Advisors reduced its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,671 shares of the company’s stock after selling 16,384 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $2,442,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arkos Global Advisors raised its holdings in iShares Preferred and Income Securities ETF by 142.3% in the 2nd quarter. Arkos Global Advisors now owns 32,670 shares of the company’s stock valued at $1,031,000 after acquiring an additional 19,188 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the second quarter valued at $517,000. Sunbelt Securities Inc. lifted its position in iShares Preferred and Income Securities ETF by 67.2% in the second quarter. Sunbelt Securities Inc. now owns 38,053 shares of the company’s stock worth $1,201,000 after purchasing an additional 15,292 shares during the period. Lazari Capital Management Inc. boosted its stake in iShares Preferred and Income Securities ETF by 8.3% during the second quarter. Lazari Capital Management Inc. now owns 7,317 shares of the company’s stock worth $231,000 after buying an additional 560 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in iShares Preferred and Income Securities ETF by 17.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 164,422 shares of the company’s stock worth $5,464,000 after buying an additional 24,231 shares in the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock opened at $31.75 on Friday. The firm has a fifty day moving average of $32.08 and a 200-day moving average of $32.34. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a yield of 6.68%.

About iShares Preferred and Income Securities ETF

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.