Parkside Investments LLC Lowers Position in iShares Preferred and Income Securities ETF $PFF

Parkside Investments LLC cut its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 464,042 shares of the company’s stock after selling 22,856 shares during the quarter. iShares Preferred and Income Securities ETF comprises 1.8% of Parkside Investments LLC’s holdings, making the stock its 12th largest holding. Parkside Investments LLC’s holdings in iShares Preferred and Income Securities ETF were worth $14,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth about $9,987,000. Tran Capital Management L.P. lifted its holdings in iShares Preferred and Income Securities ETF by 1,144.7% in the fourth quarter. Tran Capital Management L.P. now owns 88,563 shares of the company’s stock worth $2,742,000 after buying an additional 81,448 shares during the period. First Commonwealth Financial Corp PA purchased a new stake in iShares Preferred and Income Securities ETF in the third quarter worth about $1,614,000. Bessemer Group Inc. lifted its holdings in iShares Preferred and Income Securities ETF by 220.2% in the third quarter. Bessemer Group Inc. now owns 137,617 shares of the company’s stock worth $4,351,000 after buying an additional 94,639 shares during the period. Finally, Price Capital Management Inc. purchased a new stake in iShares Preferred and Income Securities ETF in the third quarter worth about $3,240,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF opened at $31.24 on Tuesday. iShares Preferred and Income Securities ETF has a one year low of $29.86 and a one year high of $32.26. The company has a 50-day simple moving average of $31.02 and a two-hundred day simple moving average of $31.17. The firm has a market capitalization of $13.85 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.1403 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 5.4%.

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. 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).