Curbstone Financial Management Corp Lowers Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Curbstone Financial Management Corp lessened its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,413 shares of the company’s stock after selling 1,550 shares during the quarter. Curbstone Financial Management Corp’s holdings in iShares Preferred and Income Securities ETF were worth $3,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First PREMIER Bank purchased a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at approximately $53,000. Hoese & Co LLP purchased a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $53,000. BNP Paribas Financial Markets acquired a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth about $67,000. Eastern Bank purchased a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $71,000. Finally, Kieckhefer Group LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $83,000. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $32.26 on Tuesday. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The firm has a market capitalization of $14.93 billion, a PE ratio of 3.91 and a beta of 0.51. The business’s 50 day moving average price is $32.00 and its 200-day moving average price is $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.57%.

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.