iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Sold by Curbstone Financial Management Corp

Curbstone Financial Management Corp cut its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 117,413 shares of the company’s stock after selling 1,550 shares during the period. Curbstone Financial Management Corp’s holdings in iShares Preferred and Income Securities ETF were worth $3,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in iShares Preferred and Income Securities ETF by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after acquiring an additional 491,005 shares during the period. Hilton Capital Management LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 19.9% in the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after purchasing an additional 239,661 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $4,669,000. Janney Montgomery Scott LLC lifted its holdings in iShares Preferred and Income Securities ETF by 7.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock worth $48,695,000 after buying an additional 104,770 shares in the last quarter. Finally, Graypoint LLC boosted its position in iShares Preferred and Income Securities ETF by 82.2% in the 4th quarter. Graypoint LLC now owns 186,246 shares of the company’s stock valued at $5,856,000 after buying an additional 84,051 shares during the period. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.6 %

NASDAQ:PFF opened at $32.26 on Tuesday. iShares Preferred and Income Securities ETF has a 52 week low of $30.56 and a 52 week high of $33.59. The company has a fifty day simple moving average of $32.00 and a two-hundred day simple moving average of $32.36. The company has a market cap of $14.93 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.1767 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a yield of 6.57%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.