iShares Preferred and Income Securities ETF $PFF Holdings Trimmed by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. reduced its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 425,906 shares of the company’s stock after selling 19,150 shares during the period. SBI Securities Co. Ltd. owned approximately 0.10% of iShares Preferred and Income Securities ETF worth $13,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $33,000. Resources Management Corp CT ADV acquired a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at approximately $80,000. WFA of San Diego LLC bought a new stake in iShares Preferred and Income Securities ETF during the second quarter worth approximately $83,000. Vaughan Nelson Investment Management L.P. bought a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $85,000. Finally, Lodestone Wealth Management LLC acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth approximately $85,000. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF opened at $31.45 on Wednesday. iShares Preferred and Income Securities ETF has a 1 year low of $29.86 and a 1 year high of $32.26. The business’s fifty day moving average is $31.00 and its two-hundred day moving average is $31.18. The stock has a market capitalization of $13.95 billion, a P/E ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be issued a $0.1403 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is 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).