Valley Wealth Managers Inc. Has $596,000 Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Valley Wealth Managers Inc. lowered its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 50.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,929 shares of the company’s stock after selling 18,453 shares during the period. Valley Wealth Managers Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at $6,851,000. Canandaigua National Bank & Trust Co. bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter valued at $4,669,000. One Capital Management LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 1,100.4% during the second quarter. One Capital Management LLC now owns 143,936 shares of the company’s stock valued at $4,541,000 after buying an additional 131,945 shares during the last quarter. Burke & Herbert Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter worth about $3,488,000. Finally, Janney Montgomery Scott LLC lifted its position in iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after acquiring an additional 104,770 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF stock opened at $32.59 on Friday. The company has a market capitalization of $15.15 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52-week low of $29.83 and a 52-week high of $33.59. The business has a 50-day simple moving average of $33.09 and a two-hundred day simple moving average of $32.17.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1653 per share. The ex-dividend date was Friday, November 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a $1.98 annualized dividend and a dividend yield of 6.09%.

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.