Dorsey & Whitney Trust CO LLC Sells 2,107 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Dorsey & Whitney Trust CO LLC reduced its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 20.2% in the 4th quarter, Holdings Channel reports. The firm owned 8,344 shares of the company’s stock after selling 2,107 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in iShares Preferred and Income Securities ETF were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PFF. YANKCOM Partnership acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $27,000. Compass Financial Services Inc acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $34,000. Mainstream Capital Management LLC acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $34,000. Finally, Synergy Investment Management LLC acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $51,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF opened at $30.86 on Wednesday. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59. The company has a market cap of $14.32 billion, a P/E ratio of 3.95 and a beta of 0.51. The firm has a 50 day simple moving average of $31.64 and a two-hundred day simple moving average of $32.33.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1731 per share. The ex-dividend date was Monday, March 3rd.

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.