iShares Preferred and Income Securities ETF $PFF Shares Sold by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,472 shares of the company’s stock after selling 37,571 shares during the period. iShares Preferred and Income Securities ETF makes up about 3.3% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Redmont Wealth Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Horizon Investments LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $10,608,000. SG Americas Securities LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at $9,987,000. Price Capital Management Inc. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the third quarter valued at $3,240,000. Bessemer Group Inc. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 220.2% during the third quarter. Bessemer Group Inc. now owns 137,617 shares of the company’s stock valued at $4,351,000 after purchasing an additional 94,639 shares during the last quarter. Finally, Mount Lucas Management LP purchased a new stake in shares of iShares Preferred and Income Securities ETF during the third quarter valued at $2,879,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Down 0.6%

Shares of NASDAQ PFF opened at $30.97 on Wednesday. iShares Preferred and Income Securities ETF has a 12 month low of $29.86 and a 12 month high of $32.26. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. The business has a fifty day simple moving average of $31.01 and a 200-day simple moving average of $31.17.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a dividend of $0.1403 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, May 1st.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).