Sterling Investment Advisors Ltd. trimmed its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF – Free Report) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,062 shares of the company’s stock after selling 2,497 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in iShares Preferred and Income Securities ETF were worth $3,157,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PFF. Brown Brothers Harriman & Co. purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth about $27,000. Viewpoint Capital Management LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter valued at approximately $27,000. M&R Capital Management Inc. raised its stake in shares of iShares Preferred and Income Securities ETF by 280.0% during the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock worth $31,000 after purchasing an additional 700 shares during the last quarter. Vima LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter worth approximately $43,000. 4.70% of the stock is owned by institutional investors and hedge funds.
iShares Preferred and Income Securities ETF Price Performance
iShares Preferred and Income Securities ETF stock opened at $32.43 on Friday. The business has a 50 day simple moving average of $31.84 and a 200-day simple moving average of $31.74. The stock has a market capitalization of $14.72 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $28.15 and a 12 month high of $32.66.
iShares Preferred and Income Securities ETF Dividend Announcement
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.
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