iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lessened its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,782 shares of the company’s stock after selling 491 shares during the quarter. ST Germain D J Co. Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $2,320,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PFF. Nations Financial Group Inc. IA ADV raised its stake in iShares Preferred and Income Securities ETF by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 14,323 shares of the company’s stock worth $476,000 after acquiring an additional 306 shares during the period. Stolper Co raised its stake in iShares Preferred and Income Securities ETF by 2.5% during the second quarter. Stolper Co now owns 15,413 shares of the company’s stock worth $486,000 after acquiring an additional 371 shares during the period. Avior Wealth Management LLC raised its stake in iShares Preferred and Income Securities ETF by 5.5% during the third quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock worth $249,000 after acquiring an additional 390 shares during the period. Bogart Wealth LLC raised its stake in iShares Preferred and Income Securities ETF by 13.3% during the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after acquiring an additional 471 shares during the period. Finally, Continuum Advisory LLC raised its stake in iShares Preferred and Income Securities ETF by 8.2% during the third quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock worth $209,000 after acquiring an additional 484 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 1.3 %

Shares of NASDAQ:PFF opened at $31.08 on Friday. The firm’s 50 day moving average is $32.23 and its two-hundred day moving average is $32.34. iShares Preferred and Income Securities ETF has a 52 week low of $30.56 and a 52 week high of $33.59. The firm has a market capitalization of $14.42 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.1767 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 annualized dividend and a dividend yield of 6.82%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.