Bogart Wealth LLC Sells 2,929 Shares of iShares Preferred and Income Securities ETF $PFF

Bogart Wealth LLC reduced its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 74.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 979 shares of the company’s stock after selling 2,929 shares during the period. Bogart Wealth LLC’s holdings in iShares Preferred and Income Securities ETF were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Community Bank N.A. boosted its holdings in shares of iShares Preferred and Income Securities ETF by 1.2% during the second quarter. Community Bank N.A. now owns 123,237 shares of the company’s stock worth $3,781,000 after purchasing an additional 1,441 shares during the period. NBT Bank N A NY increased its holdings in iShares Preferred and Income Securities ETF by 6.2% during the 2nd quarter. NBT Bank N A NY now owns 83,655 shares of the company’s stock valued at $2,567,000 after purchasing an additional 4,920 shares during the period. Prime Capital Investment Advisors LLC raised its position in iShares Preferred and Income Securities ETF by 9.8% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 46,198 shares of the company’s stock valued at $1,417,000 after purchasing an additional 4,136 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in iShares Preferred and Income Securities ETF by 17.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 13,602 shares of the company’s stock worth $417,000 after buying an additional 1,974 shares during the period. Finally, Duncan Williams Asset Management LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $364,000. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

PFF opened at $31.63 on Wednesday. The stock has a market capitalization of $14.67 billion, a PE ratio of 3.71 and a beta of 0.51. The stock’s 50 day moving average price is $31.67 and its 200-day moving average price is $30.85. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $33.31.

iShares Preferred and Income Securities ETF Increases Dividend

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

About iShares Preferred and Income Securities ETF

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.