Allen Mooney & Barnes Investment Advisors LLC Decreases Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Allen Mooney & Barnes Investment Advisors LLC cut its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,242 shares of the company’s stock after selling 508 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton increased its holdings in shares of iShares Preferred and Income Securities ETF by 13.5% in the 4th quarter. Rosenberg Matthew Hamilton now owns 30,809 shares of the company’s stock valued at $969,000 after acquiring an additional 3,660 shares during the last quarter. AdvisorNet Financial Inc grew its position in iShares Preferred and Income Securities ETF by 11.6% in the 4th quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock valued at $214,000 after buying an additional 705 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $83,000. Graypoint LLC increased its position in shares of iShares Preferred and Income Securities ETF by 82.2% during the 4th quarter. Graypoint LLC now owns 186,246 shares of the company’s stock valued at $5,856,000 after purchasing an additional 84,051 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in iShares Preferred and Income Securities ETF by 8.6% during the fourth quarter. Fortitude Family Office LLC now owns 10,751 shares of the company’s stock worth $338,000 after acquiring an additional 851 shares during the period. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

PFF stock opened at $31.13 on Wednesday. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The firm has a 50 day simple moving average of $32.16 and a 200 day simple moving average of $32.34. The firm has a market cap of $14.42 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.81%.

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.