Wendell David Associates Inc. Decreases Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Wendell David Associates Inc. lessened its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 16.5% during the 4th quarter, HoldingsChannel reports. The firm owned 65,775 shares of the company’s stock after selling 13,025 shares during the period. Wendell David Associates Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $2,068,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Nations Financial Group Inc. IA ADV lifted its stake in shares of iShares Preferred and Income Securities ETF by 2.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 14,323 shares of the company’s stock worth $476,000 after buying an additional 306 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 5.5% in the 3rd quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock worth $249,000 after acquiring an additional 390 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 13.3% in the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after purchasing an additional 471 shares during the period. Continuum Advisory LLC increased its position in iShares Preferred and Income Securities ETF by 8.2% during the third quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock worth $209,000 after purchasing an additional 484 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in iShares Preferred and Income Securities ETF by 0.8% during the third quarter. Integrated Wealth Concepts LLC now owns 65,845 shares of the company’s stock worth $2,188,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF opened at $31.99 on Thursday. The stock has a market capitalization of $14.78 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59. The business’s 50 day moving average price is $32.04 and its 200 day moving average price is $32.35.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This is a boost 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 6.63%.

iShares Preferred and Income Securities ETF 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.