Burns J W & Co. Inc. NY Sells 4,393 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Burns J W & Co. Inc. NY trimmed its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 19.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,692 shares of the company’s stock after selling 4,393 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in iShares Preferred and Income Securities ETF were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cohen & Steers Inc. boosted its stake in iShares Preferred and Income Securities ETF by 8,108.7% during the 4th quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock valued at $172,830,000 after purchasing an additional 5,473,686 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock valued at $61,112,000 after purchasing an additional 81,413 shares in the last quarter. Janney Montgomery Scott LLC grew its position in iShares Preferred and Income Securities ETF by 10.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,501,951 shares of the company’s stock worth $46,846,000 after purchasing an additional 143,949 shares in the last quarter. SG Americas Securities LLC bought a new stake in iShares Preferred and Income Securities ETF in the 4th quarter worth about $28,841,000. Finally, Greenleaf Trust purchased a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $22,619,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF traded down $0.06 on Friday, hitting $31.55. 3,722,227 shares of the stock traded hands, compared to its average volume of 4,285,683. The business’s fifty day moving average is $31.48 and its two-hundred day moving average is $31.62. iShares Preferred and Income Securities ETF has a 12 month low of $28.15 and a 12 month high of $32.66. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a $0.1634 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Monday, June 3rd.

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.