Farther Finance Advisors LLC Trims Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Farther Finance Advisors LLC trimmed its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,971 shares of the company’s stock after selling 5,003 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PFF. SVB Wealth LLC purchased a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth about $20,005,000. JPMorgan Chase & Co. raised its holdings in shares of iShares Preferred and Income Securities ETF by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after purchasing an additional 491,005 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $11,581,000. Hilton Capital Management LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after purchasing an additional 239,661 shares in the last quarter. Finally, Kentucky Trust Co purchased a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $5,477,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.6 %

iShares Preferred and Income Securities ETF stock opened at $31.12 on Friday. The firm has a market cap of $14.44 billion, a P/E ratio of 3.95 and a beta of 0.51. The business has a fifty day moving average of $31.60 and a two-hundred day moving average of $32.30. iShares Preferred and Income Securities ETF has a twelve month low of $30.56 and a twelve month high of $33.59.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1731 dividend. The ex-dividend date of this dividend was Monday, March 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.