Keynote Financial Services LLC Sells 900 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Keynote Financial Services LLC lowered its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,985 shares of the company’s stock after selling 900 shares during the quarter. Keynote Financial Services LLC’s holdings in iShares Preferred and Income Securities ETF were worth $431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Viewpoint Capital Management LLC acquired a new position in iShares Preferred and Income Securities ETF in the 2nd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at $43,000. First PREMIER Bank acquired a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter worth about $53,000. Eastern Bank bought a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth about $71,000. Finally, Bogart Wealth LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 13.3% in the 3rd quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after purchasing an additional 471 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $33.00 on Friday. The firm has a market cap of $15.34 billion, a PE ratio of 3.91 and a beta of 0.51. The business’s 50 day moving average price is $33.03 and its two-hundred day moving average price is $32.11. iShares Preferred and Income Securities ETF has a 52-week low of $29.40 and a 52-week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1653 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.