Adell Harriman & Carpenter Inc. Sells 2,690 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Adell Harriman & Carpenter Inc. cut its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,225 shares of the company’s stock after selling 2,690 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PFF. Sugarloaf Wealth Management LLC increased its holdings in iShares Preferred and Income Securities ETF by 45.5% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $64,000 after buying an additional 640 shares during the period. PSI Advisors LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 16.3% during the fourth quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock worth $75,000 after buying an additional 337 shares in the last quarter. ORG Partners LLC raised its holdings in iShares Preferred and Income Securities ETF by 43.8% in the 3rd quarter. ORG Partners LLC now owns 2,758 shares of the company’s stock valued at $83,000 after acquiring an additional 840 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of iShares Preferred and Income Securities ETF by 18.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock valued at $118,000 after purchasing an additional 584 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of iShares Preferred and Income Securities ETF by 16.3% in the fourth quarter. Financial Management Professionals Inc. now owns 5,422 shares of the company’s stock valued at $169,000 after purchasing an additional 761 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 Performance

Shares of NASDAQ PFF traded down $0.08 during mid-day trading on Tuesday, reaching $31.24. 688,460 shares of the company’s stock were exchanged, compared to its average volume of 4,708,839. iShares Preferred and Income Securities ETF has a 52-week low of $28.15 and a 52-week high of $32.66. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 3.83 and a beta of 0.51. The company’s 50-day moving average is $31.83 and its 200-day moving average is $31.07.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1561 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Monday, April 1st.

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.