iShares Preferred and Income Securities ETF $PFF Shares Sold by Grey Ledge Advisors LLC

Grey Ledge Advisors LLC cut its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 23.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 67,245 shares of the company’s stock after selling 20,557 shares during the period. Grey Ledge Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Greenleaf Trust lifted its position in iShares Preferred and Income Securities ETF by 5.5% during the 4th quarter. Greenleaf Trust now owns 1,208,436 shares of the company’s stock worth $37,413,000 after acquiring an additional 63,063 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its position in iShares Preferred and Income Securities ETF by 1.4% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 763,604 shares of the company’s stock worth $23,641,000 after acquiring an additional 10,895 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in iShares Preferred and Income Securities ETF by 2.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 445,056 shares of the company’s stock worth $14,073,000 after acquiring an additional 9,087 shares in the last quarter. Jones Financial Companies Lllp lifted its position in iShares Preferred and Income Securities ETF by 11.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 401,773 shares of the company’s stock worth $12,772,000 after acquiring an additional 41,428 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in iShares Preferred and Income Securities ETF by 6.9% during the 3rd quarter. NewEdge Advisors LLC now owns 384,072 shares of the company’s stock worth $12,144,000 after acquiring an additional 24,761 shares in the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

iShares Preferred and Income Securities ETF stock opened at $31.58 on Thursday. The stock’s 50 day moving average price is $31.01 and its 200 day moving average price is $31.18. The firm has a market capitalization of $14.01 billion, a PE ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a one year low of $29.86 and a one year high of $32.26.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a dividend of $0.1403 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 5.3%.

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).