Financial Management Professionals Inc. Lowers Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Financial Management Professionals Inc. cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 10.8% in the second quarter, HoldingsChannel.com reports. The firm owned 5,386 shares of the company’s stock after selling 653 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $167,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Parkside Investments LLC lifted its stake in iShares Preferred and Income Securities ETF by 1.3% during the 2nd quarter. Parkside Investments LLC now owns 318,768 shares of the company’s stock worth $9,859,000 after acquiring an additional 4,104 shares in the last quarter. Modus Advisors LLC lifted its stake in iShares Preferred and Income Securities ETF by 6.2% during the 2nd quarter. Modus Advisors LLC now owns 115,323 shares of the company’s stock worth $3,567,000 after acquiring an additional 6,771 shares in the last quarter. Red Spruce Capital LLC lifted its stake in iShares Preferred and Income Securities ETF by 11.5% during the 2nd quarter. Red Spruce Capital LLC now owns 19,778 shares of the company’s stock worth $612,000 after acquiring an additional 2,046 shares in the last quarter. Verity Asset Management Inc. lifted its stake in iShares Preferred and Income Securities ETF by 96.1% during the 1st quarter. Verity Asset Management Inc. now owns 81,792 shares of the company’s stock worth $2,554,000 after acquiring an additional 40,082 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in iShares Preferred and Income Securities ETF by 20.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,859,940 shares of the company’s stock worth $57,963,000 after acquiring an additional 320,206 shares in the last quarter. 4.28% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.1 %

PFF opened at $30.51 on Friday. The stock’s 50-day moving average price is $30.61 and its 200 day moving average price is $30.57. iShares Preferred and Income Securities ETF has a 12-month low of $29.18 and a 12-month high of $33.90. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 8.31 and a beta of 0.51.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, September 5th were paid a dividend of $0.154 per share. This represents a $1.85 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Friday, September 1st.

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.