Lbmc Investment Advisors LLC Cuts Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Lbmc Investment Advisors LLC decreased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,916 shares of the company’s stock after selling 565 shares during the period. Lbmc Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arkos Global Advisors grew its holdings in iShares Preferred and Income Securities ETF by 142.3% in the second quarter. Arkos Global Advisors now owns 32,670 shares of the company’s stock valued at $1,031,000 after purchasing an additional 19,188 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at about $517,000. Sunbelt Securities Inc. increased its holdings in iShares Preferred and Income Securities ETF by 67.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 38,053 shares of the company’s stock valued at $1,201,000 after acquiring an additional 15,292 shares in the last quarter. Lazari Capital Management Inc. raised its position in iShares Preferred and Income Securities ETF by 8.3% during the second quarter. Lazari Capital Management Inc. now owns 7,317 shares of the company’s stock worth $231,000 after acquiring an additional 560 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings 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 valued at $5,464,000 after purchasing an additional 24,231 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

PFF stock opened at $31.75 on Friday. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The firm has a market capitalization of $14.69 billion, a PE ratio of 3.91 and a beta of 0.51. The company’s 50 day simple moving average is $32.08 and its 200-day simple moving average is $32.34.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.1767 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend and a dividend yield of 6.68%. The ex-dividend date was Wednesday, December 18th.

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.