Verity Asset Management Inc. Sells 23,055 Shares of iShares Preferred and Income Securities ETF $PFF

Verity Asset Management Inc. decreased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 50.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,685 shares of the company’s stock after selling 23,055 shares during the quarter. Verity Asset Management Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rossby Financial LCC bought a new position in shares of iShares Preferred and Income Securities ETF during the first quarter worth $46,000. Pandora Wealth Inc. bought a new position in shares of iShares Preferred and Income Securities ETF during the first quarter worth $77,000. Zions Bancorporation National Association UT bought a new position in shares of iShares Preferred and Income Securities ETF during the first quarter worth $169,000. Wellington Shields & Co. LLC lifted its holdings in iShares Preferred and Income Securities ETF by 9.8% during the first quarter. Wellington Shields & Co. LLC now owns 6,140 shares of the company’s stock worth $189,000 after acquiring an additional 550 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its holdings in iShares Preferred and Income Securities ETF by 4.1% during the first quarter. Titleist Asset Management LLC now owns 10,076 shares of the company’s stock worth $310,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.3%

PFF stock opened at $31.21 on Monday. The business’s 50-day moving average price is $31.67 and its two-hundred day moving average price is $31.00. The firm has a market cap of $14.49 billion, a PE ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 1-year low of $28.70 and a 1-year high of $33.31.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.1707 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Monday, November 3rd.

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.