iShares Preferred and Income Securities ETF $PFF Stock Holdings Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 20.6% during the first quarter, HoldingsChannel.com reports. The firm owned 1,796,042 shares of the company’s stock after selling 464,689 shares during the quarter. Ameriprise Financial Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $55,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in iShares Preferred and Income Securities ETF by 98.8% in the first quarter. Golden State Wealth Management LLC now owns 1,690 shares of the company’s stock valued at $52,000 after purchasing an additional 840 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 valued at $5,901,000 after purchasing an additional 48,203 shares in the last quarter. Bessemer Group Inc. grew its stake in iShares Preferred and Income Securities ETF by 1.9% in the first quarter. Bessemer Group Inc. now owns 69,664 shares of the company’s stock valued at $2,141,000 after purchasing an additional 1,300 shares in the last quarter. Pandora Wealth Inc. purchased a new position in iShares Preferred and Income Securities ETF in the first quarter valued at about $77,000. Finally, Wellington Shields & Co. LLC grew its stake in iShares Preferred and Income Securities ETF by 9.8% in the first quarter. Wellington Shields & Co. LLC now owns 6,140 shares of the company’s stock valued at $189,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $31.63 on Thursday. The business’s 50-day moving average price is $31.11 and its two-hundred day moving average price is $30.73. iShares Preferred and Income Securities ETF has a one year low of $28.70 and a one year high of $33.59. The company has a market capitalization of $14.39 billion, a P/E ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, August 1st were given a $0.1621 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

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.