Financial Management Professionals Inc. Cuts Stock Holdings in iShares Preferred and Income Securities ETF $PFF

Financial Management Professionals Inc. lowered its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 9,919 shares of the company’s stock after selling 649 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens National Bank Trust Department purchased a new position in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth approximately $31,000. Rossby Financial LCC purchased a new position in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth approximately $46,000. Golden State Wealth Management LLC grew its position in shares of iShares Preferred and Income Securities ETF by 98.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,690 shares of the company’s stock worth $52,000 after buying an additional 840 shares during the last quarter. Pandora Wealth Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth approximately $77,000. Finally, Westside Investment Management Inc. grew its position in shares of iShares Preferred and Income Securities ETF by 32.3% in the 1st quarter. Westside Investment Management Inc. now owns 3,253 shares of the company’s stock worth $100,000 after buying an additional 795 shares during the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.5%

Shares of iShares Preferred and Income Securities ETF stock opened at $31.88 on Thursday. The firm’s 50 day moving average price is $31.51 and its 200-day moving average price is $30.76. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $33.59. The company has a market cap of $14.50 billion, a P/E ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were paid a $0.1607 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.