King Wealth Management Group Sells 489 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

King Wealth Management Group lessened its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 35,389 shares of the company’s stock after selling 489 shares during the period. King Wealth Management Group’s holdings in iShares Preferred and Income Securities ETF were worth $1,113,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PFF. YANKCOM Partnership bought a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter valued at $27,000. Golden State Wealth Management LLC acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $27,000. Compass Financial Services Inc bought a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth about $34,000. Mainstream Capital Management LLC bought a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $34,000. Finally, Synergy Investment Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $51,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.3 %

Shares of iShares Preferred and Income Securities ETF stock opened at $30.92 on Friday. The company has a 50 day moving average of $31.62 and a 200-day moving average of $32.31. The company has a market cap of $14.35 billion, a PE ratio of 3.95 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 Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1731 dividend. The ex-dividend date was Monday, March 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.