Winthrop Capital Management LLC Sells 25,272 Shares of iShares Preferred and Income Securities ETF $PFF

Winthrop Capital Management LLC lessened its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 21.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 95,079 shares of the company’s stock after selling 25,272 shares during the period. Winthrop Capital Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,944,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PFF. NewEdge Advisors LLC raised its holdings in iShares Preferred and Income Securities ETF by 28.1% in the 2nd quarter. NewEdge Advisors LLC now owns 359,311 shares of the company’s stock valued at $11,024,000 after buying an additional 78,817 shares during the last quarter. BNP Paribas Financial Markets raised its position in iShares Preferred and Income Securities ETF by 6,632.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,386 shares of the company’s stock worth $165,000 after purchasing an additional 5,306 shares during the last quarter. WFA of San Diego LLC bought a new position in iShares Preferred and Income Securities ETF during the 2nd quarter worth $83,000. Captrust Financial Advisors raised its position in iShares Preferred and Income Securities ETF by 7.8% during the 2nd quarter. Captrust Financial Advisors now owns 305,358 shares of the company’s stock worth $9,368,000 after purchasing an additional 22,103 shares during the last quarter. Finally, Resources Management Corp CT ADV bought a new position in iShares Preferred and Income Securities ETF during the 2nd quarter worth $80,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $31.40 on Wednesday. The firm has a market cap of $13.93 billion, a P/E ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12-month low of $30.05 and a 12-month high of $32.26. The business has a fifty day simple moving average of $31.09 and a 200 day simple moving average of $31.19.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be given a dividend of $0.1384 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, June 1st.

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. 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).