iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC lowered its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 19.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,028 shares of the company’s stock after selling 4,974 shares during the period. Western Wealth Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $34,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $35,000. Synergy Investment Management LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $51,000. Golden State Wealth Management LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 98.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,690 shares of the company’s stock worth $52,000 after purchasing an additional 840 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at approximately $64,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.2%

Shares of NASDAQ PFF opened at $30.60 on Friday. The business’s 50 day moving average is $30.23 and its two-hundred day moving average is $30.88. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $33.59. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were issued a $0.1746 dividend. This represents a $2.09 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Monday, June 2nd. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.