iShares Preferred and Income Securities ETF $PFF Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 47.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,854 shares of the company’s stock after selling 20,558 shares during the quarter. Verity Asset Management Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $708,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Canandaigua National Trust Co of Florida increased its position in shares of iShares Preferred and Income Securities ETF by 7.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 26,389 shares of the company’s stock valued at $817,000 after purchasing an additional 1,791 shares during the last quarter. Canandaigua National Bank & Trust Co. increased its position in shares of iShares Preferred and Income Securities ETF by 46.3% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 93,768 shares of the company’s stock valued at $2,903,000 after purchasing an additional 29,663 shares during the last quarter. Kickstand Ventures LLC. increased its position in shares of iShares Preferred and Income Securities ETF by 4.8% in the 4th quarter. Kickstand Ventures LLC. now owns 12,428 shares of the company’s stock valued at $385,000 after purchasing an additional 571 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter valued at approximately $296,000. Finally, Kingswood Wealth Advisors LLC increased its position in shares of iShares Preferred and Income Securities ETF by 4.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 13,574 shares of the company’s stock valued at $420,000 after purchasing an additional 549 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ:PFF traded up $0.12 during trading hours on Thursday, reaching $31.29. The stock had a trading volume of 261,491 shares, compared to its average volume of 3,541,613. iShares Preferred and Income Securities ETF has a 1 year low of $29.86 and a 1 year high of $32.26. The firm’s 50 day moving average is $31.01 and its 200-day moving average is $31.18. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a $0.142 dividend. The ex-dividend date of this dividend was Wednesday, April 1st.

iShares Preferred and Income Securities ETF 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. 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).