iShares Preferred and Income Securities ETF $PFF Stock Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. cut its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 40.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,855 shares of the company’s stock after selling 50,604 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in iShares Preferred and Income Securities ETF were worth $2,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PFF. Roxbury Financial LLC grew its position in iShares Preferred and Income Securities ETF by 2,833.3% in the second quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after purchasing an additional 1,360 shares in the last quarter. NBH Bank bought a new stake in iShares Preferred and Income Securities ETF during the 2nd quarter worth about $46,000. First Bancorp Inc ME bought a new stake in iShares Preferred and Income Securities ETF during the 2nd quarter worth about $47,000. Payden & Rygel acquired a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth about $50,000. Finally, Ascentis Independent Advisors acquired a new position in shares of iShares Preferred and Income Securities ETF during the 1st quarter worth about $59,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF traded up $0.12 on Friday, hitting $28.26. 6,533,397 shares of the company were exchanged, compared to its average volume of 3,302,144. iShares Preferred and Income Securities ETF has a 12 month low of $28.06 and a 12 month high of $32.02. The company has a market cap of $11.54 billion, a PE ratio of 3.71 and a beta of 0.55. The stock’s fifty day moving average is $29.43 and its 200-day moving average is $30.61.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a $0.1761 dividend. This represents a $2.11 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, November 2nd. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594.

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).