Transcend Capital Advisors LLC Lowers Stock Position in iShares Preferred and Income Securities ETF $PFF

Transcend Capital Advisors LLC lessened its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,204 shares of the company’s stock after selling 1,935 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $651,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Greenleaf Trust boosted its stake in shares of iShares Preferred and Income Securities ETF by 4.8% in the first quarter. Greenleaf Trust now owns 1,137,401 shares of the company’s stock valued at $34,952,000 after purchasing an additional 52,105 shares during the period. Baird Financial Group Inc. boosted its stake in shares of iShares Preferred and Income Securities ETF by 9.1% in the first quarter. Baird Financial Group Inc. now owns 936,572 shares of the company’s stock valued at $28,781,000 after purchasing an additional 77,810 shares during the period. Parkside Investments LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 10.5% in the second quarter. Parkside Investments LLC now owns 495,428 shares of the company’s stock valued at $15,200,000 after purchasing an additional 47,198 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of iShares Preferred and Income Securities ETF by 3.6% in the first quarter. SBI Securities Co. Ltd. now owns 381,441 shares of the company’s stock valued at $11,722,000 after purchasing an additional 13,092 shares during the period. Finally, Graypoint LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 6.9% in the first quarter. Graypoint LLC now owns 199,096 shares of the company’s stock valued at $6,118,000 after purchasing an additional 12,850 shares during the period. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF opened at $31.66 on Wednesday. The firm has a 50 day simple moving average of $31.69 and a 200-day simple moving average of $30.94. iShares Preferred and Income Securities ETF has a one year low of $28.70 and a one year high of $33.31. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

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

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.