City Holding Co. Has $1.55 Million Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

City Holding Co. cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,145 shares of the company’s stock after selling 4,293 shares during the period. City Holding Co.’s holdings in iShares Preferred and Income Securities ETF were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in iShares Preferred and Income Securities ETF by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after acquiring an additional 491,005 shares during the last quarter. Hilton Capital Management LLC boosted its position in shares of 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 in the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $4,669,000. Janney Montgomery Scott LLC raised its holdings in iShares Preferred and Income Securities ETF by 7.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock worth $48,695,000 after buying an additional 104,770 shares during the period. Finally, Graypoint LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 82.2% in the fourth quarter. Graypoint LLC now owns 186,246 shares of the company’s stock valued at $5,856,000 after purchasing an additional 84,051 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF opened at $31.75 on Monday. The company has a market cap of $14.69 billion, a PE ratio of 3.91 and a beta of 0.51. The stock has a 50-day simple moving average of $32.08 and a 200 day simple moving average of $32.35. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week 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. Shareholders of record on Wednesday, December 18th were given a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend 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.