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

Avior Wealth Management LLC decreased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC boosted its position in iShares Preferred and Income Securities ETF by 11.3% during the first quarter. SVB Wealth LLC now owns 2,652,556 shares of the company’s stock valued at $96,607,000 after purchasing an additional 269,954 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 4.2% in the third quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after buying an additional 81,413 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Preferred and Income Securities ETF by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 1,733,275 shares of the company’s stock worth $52,258,000 after buying an additional 513,167 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 38.2% in the third quarter. Janney Montgomery Scott LLC now owns 1,358,002 shares of the company’s stock worth $40,944,000 after buying an additional 375,400 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth about $28,841,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $30.90 on Friday. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.15 and a fifty-two week high of $32.66. The business has a 50-day moving average of $31.91 and a two-hundred day moving average of $30.95. The stock has a market capitalization of $14.22 billion, a P/E ratio of 3.83 and a beta of 0.51.

iShares Preferred and Income Securities ETF Announces Dividend

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

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.