Bath Savings Trust Co Cuts Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Bath Savings Trust Co trimmed its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,070 shares of the company’s stock after selling 362 shares during the period. Bath Savings Trust Co’s holdings in iShares Preferred and Income Securities ETF were worth $1,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position 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 worth $48,314,000 after purchasing an additional 491,005 shares during the period. Hilton Capital Management LLC raised its position in shares of iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock worth $48,009,000 after purchasing an additional 239,661 shares during the period. Canandaigua National Bank & Trust Co. purchased a new position in iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $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 2nd quarter. One Capital Management LLC now owns 143,936 shares of the company’s stock valued at $4,541,000 after acquiring an additional 131,945 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of 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 purchasing an additional 104,770 shares during the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of iShares Preferred and Income Securities ETF stock traded down $0.32 during midday trading on Tuesday, hitting $31.65. The company had a trading volume of 3,450,287 shares, compared to its average volume of 4,336,193. The stock has a market cap of $14.56 billion, a PE 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. The business’s 50 day simple moving average is $32.34 and its two-hundred day simple moving average is $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given 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 of this dividend was Wednesday, December 18th. This represents a $2.12 annualized dividend and a dividend yield of 6.70%.

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.