Avior Wealth Management LLC Has $254,000 Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Avior Wealth Management LLC lowered its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 44.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,155 shares of the company’s stock after selling 6,525 shares during the period. Avior Wealth Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $254,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at $27,000. Sugarloaf Wealth Management LLC increased its position in shares of iShares Preferred and Income Securities ETF by 45.5% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $64,000 after buying an additional 640 shares in the last quarter. ORG Partners LLC increased its position in shares of iShares Preferred and Income Securities ETF by 43.8% in the 3rd quarter. ORG Partners LLC now owns 2,758 shares of the company’s stock valued at $83,000 after buying an additional 840 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of iShares Preferred and Income Securities ETF by 18.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock valued at $118,000 after buying an additional 584 shares in the last quarter. Finally, Fairfield Bush & CO. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.6 %

PFF opened at $30.90 on Friday. iShares Preferred and Income Securities ETF has a 12 month low of $28.15 and a 12 month high of $32.66. The company has a fifty day simple moving average of $31.91 and a 200 day simple moving average of $30.95. The stock has a market cap of $14.22 billion, a P/E ratio of 3.83 and a beta of 0.51.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.1561 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date was Monday, April 1st.

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.