Delta Capital Management LLC Cuts Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Delta Capital Management LLC reduced its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 11.3% during the 4th quarter, Holdings Channel reports. The fund owned 19,090 shares of the company’s stock after selling 2,430 shares during the quarter. Delta Capital Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in iShares Preferred and Income Securities ETF by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after acquiring an additional 491,005 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at $67,000. HCR Wealth Advisors lifted its position in shares of iShares Preferred and Income Securities ETF by 1.9% during the 4th quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock worth $1,343,000 after purchasing an additional 800 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of iShares Preferred and Income Securities ETF during the third quarter worth $4,669,000. Finally, AdvisorNet Financial Inc increased its holdings in iShares Preferred and Income Securities ETF by 11.6% in the fourth quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock valued at $214,000 after buying an additional 705 shares during the last quarter. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $31.75 on Friday. The business has a 50-day moving average of $32.08 and a two-hundred day moving average of $32.34. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 annualized dividend and a yield of 6.68%.

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.