SVB Wealth LLC Sells 18,128 Shares of iShares Preferred and Income Securities ETF $PFF

SVB Wealth LLC decreased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 21.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,944 shares of the company’s stock after selling 18,128 shares during the quarter. SVB Wealth LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,054,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PFF. Corsicana & Co. purchased a new position in shares of iShares Preferred and Income Securities ETF during the third quarter valued at $29,000. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at about $44,000. Resources Management Corp CT ADV purchased a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $80,000. WFA of San Diego LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the second quarter valued at approximately $83,000. Finally, Wellington Shields Capital Management LLC raised its position in shares of iShares Preferred and Income Securities ETF by 14.1% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock valued at $126,000 after purchasing an additional 505 shares during the last quarter. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.0%

NASDAQ:PFF opened at $31.52 on Wednesday. iShares Preferred and Income Securities ETF has a twelve month low of $28.70 and a twelve month high of $32.26. The company has a market cap of $14.05 billion, a PE ratio of 3.71 and a beta of 0.53. The company’s 50 day moving average is $31.35 and its two-hundred day moving average is $31.38.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1772 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).