Capital Investment Advisors LLC Trims Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Capital Investment Advisors LLC cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFFGet Rating) by 21.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,546 shares of the company’s stock after selling 2,037 shares during the period. Capital Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $248,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its stake in iShares Preferred and Income Securities ETF by 608.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 4,823 shares of the company’s stock worth $190,000 after purchasing an additional 4,142 shares during the period. KRS Capital Management LLC purchased a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth $207,000. Castle Financial & Retirement Planning Associates Inc. purchased a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth $49,000. Hilton Capital Management LLC grew its stake in iShares Preferred and Income Securities ETF by 5.9% in the fourth quarter. Hilton Capital Management LLC now owns 1,985,212 shares of the company’s stock worth $78,277,000 after purchasing an additional 110,529 shares during the period. Finally, Legacy Capital Wealth Partners LLC grew its stake in iShares Preferred and Income Securities ETF by 8.1% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 63,896 shares of the company’s stock worth $2,407,000 after purchasing an additional 4,804 shares during the period.

iShares Preferred and Income Securities ETF Stock Down 0.4 %

Shares of PFF stock opened at $32.66 on Monday. The business’s fifty day moving average is $33.88 and its 200 day moving average is $34.11. iShares Preferred and Income Securities ETF has a twelve month low of $31.92 and a twelve month high of $39.48.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, September 8th. Investors of record on Friday, September 2nd were paid a $0.151 dividend. The ex-dividend date was Thursday, September 1st. This represents a $1.81 annualized dividend and a yield of 5.55%.

iShares Preferred and Income Securities ETF Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Preferred and Income Securities ETF (NASDAQ:PFFGet Rating).

Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Receive News & Ratings for iShares Preferred and Income Securities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Preferred and Income Securities ETF and related companies with MarketBeat.com's FREE daily email newsletter.