iShares Preferred and Income Securities ETF $PFF Stock Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. reduced its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 40.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 73,855 shares of the company’s stock after selling 50,604 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in iShares Preferred and Income Securities ETF were worth $2,179,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Verity Asset Management Inc. bought a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $697,000. Compass Financial Management LLC lifted its holdings in iShares Preferred and Income Securities ETF by 4.8% during the 3rd quarter. Compass Financial Management LLC now owns 149,071 shares of the company’s stock valued at $4,398,000 after purchasing an additional 6,866 shares during the last quarter. First Nebraska Trust Co bought a new position in iShares Preferred and Income Securities ETF during the third quarter worth $405,000. Greenleaf Trust bought a new position in iShares Preferred and Income Securities ETF during the third quarter worth $20,190,000. Finally, Payden & Rygel bought a new position in iShares Preferred and Income Securities ETF during the third quarter worth $50,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.4%

Shares of NASDAQ:PFF traded up $0.12 on Friday, hitting $28.26. The company had a trading volume of 6,533,397 shares, compared to its average volume of 3,302,144. iShares Preferred and Income Securities ETF has a 1-year low of $28.06 and a 1-year high of $32.02. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 3.71 and a beta of 0.55. The stock has a 50 day moving average price of $29.43 and a 200 day moving average price of $30.61.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a dividend of $0.1761 per share. This represents a $2.11 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594.

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).