City State Bank Sells 500 Shares of iShares Preferred and Income Securities ETF $PFF

City State Bank cut its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.3% in the second quarter, HoldingsChannel reports. The firm owned 21,165 shares of the company’s stock after selling 500 shares during the period. City State Bank’s holdings in iShares Preferred and Income Securities ETF were worth $649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citizens National Bank Trust Department bought a new stake in iShares Preferred and Income Securities ETF during the 1st quarter valued at $31,000. Rossby Financial LCC bought a new position in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth $46,000. Golden State Wealth Management LLC raised its position in shares of iShares Preferred and Income Securities ETF by 98.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,690 shares of the company’s stock worth $52,000 after acquiring an additional 840 shares in the last quarter. Pandora Wealth Inc. bought a new position in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth $77,000. Finally, Westside Investment Management Inc. raised its position in shares of iShares Preferred and Income Securities ETF by 32.3% in the 1st quarter. Westside Investment Management Inc. now owns 3,253 shares of the company’s stock worth $100,000 after acquiring an additional 795 shares in the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.4%

PFF opened at $31.64 on Friday. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 3.71 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $33.31. The stock has a fifty day moving average price of $31.68 and a 200-day moving average price of $30.89.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a $0.1707 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, October 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.