iShares Preferred and Income Securities ETF $PFF Shares Sold by Private Trust Co. NA

Private Trust Co. NA lowered its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,236 shares of the company’s stock after selling 4,309 shares during the period. Private Trust Co. NA’s holdings in iShares Preferred and Income Securities ETF were worth $1,081,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Baird Financial Group Inc. increased its position in shares of iShares Preferred and Income Securities ETF by 9.1% in the first quarter. Baird Financial Group Inc. now owns 936,572 shares of the company’s stock worth $28,781,000 after acquiring an additional 77,810 shares in the last quarter. Greenleaf Trust increased its position in shares of iShares Preferred and Income Securities ETF by 4.8% in the first quarter. Greenleaf Trust now owns 1,137,401 shares of the company’s stock worth $34,952,000 after acquiring an additional 52,105 shares in the last quarter. GAMMA Investing LLC increased its position in shares of iShares Preferred and Income Securities ETF by 33.5% in the first quarter. GAMMA Investing LLC now owns 192,028 shares of the company’s stock worth $5,901,000 after acquiring an additional 48,203 shares in the last quarter. Parkside Investments LLC increased its position in shares of iShares Preferred and Income Securities ETF by 10.5% in the second quarter. Parkside Investments LLC now owns 495,428 shares of the company’s stock worth $15,200,000 after acquiring an additional 47,198 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in shares of iShares Preferred and Income Securities ETF by 385.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 45,000 shares of the company’s stock worth $1,383,000 after acquiring an additional 35,739 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $31.41 on Friday. The firm’s 50 day simple moving average is $31.66 and its 200-day simple moving average is $30.82. The company has a market cap of $14.61 billion, a P/E ratio of 3.71 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.70 and a fifty-two week high of $33.52.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a $0.1707 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, October 1st.

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.