United Capital Financial Advisors LLC Has $3.09 Million Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

United Capital Financial Advisors LLC lessened its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 98,405 shares of the company’s stock after selling 2,606 shares during the quarter. United Capital Financial Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $3,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PFF. YANKCOM Partnership acquired a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $27,000. Compass Financial Services Inc purchased a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $34,000. Mainstream Capital Management LLC acquired a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at approximately $34,000. Finally, Synergy Investment Management LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.8 %

iShares Preferred and Income Securities ETF stock opened at $29.53 on Friday. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $33.59. The stock has a market cap of $13.55 billion, a P/E ratio of 3.65 and a beta of 0.51. The company’s fifty day simple moving average is $30.83 and its 200-day simple moving average is $31.83.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a $0.1725 dividend. This represents a $2.07 annualized dividend and a yield of 7.01%. The ex-dividend date was Tuesday, April 1st.

iShares Preferred and Income Securities ETF Company 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.