King Wealth Management Group Sells 1,640 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

King Wealth Management Group cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,878 shares of the company’s stock after selling 1,640 shares during the period. King Wealth Management Group’s holdings in iShares Preferred and Income Securities ETF were worth $1,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Viewpoint Capital Management LLC bought a new stake in iShares Preferred and Income Securities ETF in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at about $43,000. First PREMIER Bank bought a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $53,000. Eastern Bank acquired a new position in iShares Preferred and Income Securities ETF in the third quarter valued at approximately $71,000. Finally, Bogart Wealth LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 13.3% during the 3rd quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after buying an additional 471 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.2 %

PFF opened at $32.61 on Friday. The company has a market cap of $15.16 billion, a P/E ratio of 3.91 and a beta of 0.51. The company has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $32.17. iShares Preferred and Income Securities ETF has a 1-year low of $29.83 and a 1-year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.1653 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date was Friday, November 1st. This represents a $1.98 annualized dividend and a yield of 6.08%.

About iShares Preferred and Income Securities ETF

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.