Western Wealth Management LLC Has $506,000 Position in iShares Preferred and Income Securities ETF $PFF

Western Wealth Management LLC trimmed its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 21.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,486 shares of the company’s stock after selling 4,542 shares during the quarter. Western Wealth Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFF. King Wealth Management Group boosted its position in shares of iShares Preferred and Income Securities ETF by 4.9% during the 2nd quarter. King Wealth Management Group now owns 36,029 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,676 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in iShares Preferred and Income Securities ETF by 14.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 435,969 shares of the company’s stock worth $13,376,000 after buying an additional 54,528 shares during the period. Palouse Capital Management Inc. boosted its holdings in iShares Preferred and Income Securities ETF by 0.7% in the second quarter. Palouse Capital Management Inc. now owns 91,167 shares of the company’s stock worth $2,797,000 after acquiring an additional 632 shares in the last quarter. Nvwm LLC boosted its holdings in iShares Preferred and Income Securities ETF by 31.6% in the second quarter. Nvwm LLC now owns 5,119 shares of the company’s stock worth $157,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Ethos Financial Group LLC grew its stake in iShares Preferred and Income Securities ETF by 2.5% in the second quarter. Ethos Financial Group LLC now owns 20,772 shares of the company’s stock valued at $637,000 after acquiring an additional 500 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Down 0.1%

Shares of NASDAQ:PFF opened at $30.62 on Wednesday. iShares Preferred and Income Securities ETF has a twelve month low of $28.70 and a twelve month high of $32.98. The stock’s 50 day moving average is $31.52 and its 200-day moving average is $31.08. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.1707 per share. The ex-dividend date was Monday, November 3rd. This represents a c) annualized dividend and a yield of 6.7%.

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.