iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Sold by City Holding Co.

City Holding Co. cut its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,145 shares of the company’s stock after selling 4,293 shares during the period. City Holding Co.’s holdings in iShares Preferred and Income Securities ETF were worth $1,545,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Interstate Bank increased its holdings in iShares Preferred and Income Securities ETF by 0.6% during the 3rd quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock worth $54,870,000 after purchasing an additional 10,148 shares during the last quarter. Janney Montgomery Scott LLC grew its position in iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock worth $48,695,000 after purchasing an additional 104,770 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares Preferred and Income Securities ETF by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after acquiring an additional 491,005 shares during the period. Hilton Capital Management LLC increased its stake in iShares Preferred and Income Securities ETF by 19.9% during the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares during the period. Finally, Greenleaf Trust raised its holdings in iShares Preferred and Income Securities ETF by 4.4% during the third quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock worth $34,373,000 after purchasing an additional 43,619 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.2 %

Shares of iShares Preferred and Income Securities ETF stock opened at $31.75 on Monday. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The company has a market cap of $14.69 billion, a P/E ratio of 3.91 and a beta of 0.51. The stock has a 50-day moving average price of $32.08 and a 200 day moving average price of $32.35.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.68%.

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.