iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stock Holdings Decreased by SVB Wealth LLC

SVB Wealth LLC decreased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 744,062 shares of the company’s stock after selling 81,354 shares during the period. SVB Wealth LLC owned about 0.16% of iShares Preferred and Income Securities ETF worth $23,475,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PFF. Brown Brothers Harriman & Co. bought a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth about $27,000. Viewpoint Capital Management LLC bought a new position in iShares Preferred and Income Securities ETF in the second quarter worth about $27,000. M&R Capital Management Inc. boosted its stake in iShares Preferred and Income Securities ETF by 280.0% in the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock valued at $31,000 after acquiring an additional 700 shares during the period. Vima LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth approximately $43,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ:PFF traded down $0.08 during midday trading on Friday, reaching $32.35. 3,377,569 shares of the company traded hands, compared to its average volume of 4,093,863. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The company has a fifty day moving average price of $31.86 and a 200 day moving average price of $31.74. iShares Preferred and Income Securities ETF has a twelve month low of $28.15 and a twelve month high of $32.66.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.1632 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares Preferred and Income Securities ETF 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.