iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Sold by Delta Capital Management LLC

Delta Capital Management LLC cut its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,090 shares of the company’s stock after selling 2,430 shares during the period. Delta Capital Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PFF. First PREMIER Bank acquired a new stake in iShares Preferred and Income Securities ETF during the third quarter worth about $53,000. BNP Paribas Financial Markets acquired a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $67,000. Eastern Bank purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at approximately $71,000. Kieckhefer Group LLC acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $83,000. Finally, Bogart Wealth LLC grew its position in iShares Preferred and Income Securities ETF by 13.3% in the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after acquiring an additional 471 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.2 %

Shares of PFF opened at $31.75 on Friday. The company’s 50-day moving average price is $32.08 and its 200 day moving average price is $32.34. iShares Preferred and Income Securities ETF has a 12-month low of $30.56 and a 12-month high of $33.59. The firm has a market cap of $14.69 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. This represents a $2.12 dividend on an annualized basis and a yield of 6.68%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Wednesday, December 18th.

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.