Independence Bank of Kentucky Sells 1,251 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Independence Bank of Kentucky lessened its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,062 shares of the company’s stock after selling 1,251 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares Preferred and Income Securities ETF were worth $1,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake in shares of iShares Preferred and Income Securities ETF by 17.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 164,422 shares of the company’s stock worth $5,464,000 after purchasing an additional 24,231 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $4,669,000. Red Spruce Capital LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 14.1% during the third quarter. Red Spruce Capital LLC now owns 23,348 shares of the company’s stock valued at $776,000 after buying an additional 2,891 shares during the period. GAMMA Investing LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 144.3% during the third quarter. GAMMA Investing LLC now owns 137,982 shares of the company’s stock valued at $4,585,000 after acquiring an additional 81,500 shares in the last quarter. Finally, Bath Savings Trust Co lifted its stake in iShares Preferred and Income Securities ETF by 9.1% in the third quarter. Bath Savings Trust Co now owns 53,432 shares of the company’s stock worth $1,776,000 after acquiring an additional 4,436 shares during the period. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.9 %

NASDAQ:PFF opened at $31.81 on Friday. iShares Preferred and Income Securities ETF has a twelve month low of $30.56 and a twelve month high of $33.59. The stock has a market cap of $14.73 billion, a P/E ratio of 3.91 and a beta of 0.51. The firm’s fifty day simple moving average is $31.97 and its 200 day simple moving average is $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.1767 dividend. This is an increase 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 dividend on an annualized basis and a yield of 6.67%.

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.