Winthrop Capital Management LLC Sells 25,272 Shares of iShares Preferred and Income Securities ETF $PFF

Winthrop Capital Management LLC lessened its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,079 shares of the company’s stock after selling 25,272 shares during the period. Winthrop Capital Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,944,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hillsdale Investment Management Inc. raised its holdings in iShares Preferred and Income Securities ETF by 51.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 22,110 shares of the company’s stock worth $685,000 after acquiring an additional 7,530 shares in the last quarter. Cary Street Partners Financial LLC increased its position in iShares Preferred and Income Securities ETF by 5.9% during the fourth quarter. Cary Street Partners Financial LLC now owns 106,144 shares of the company’s stock worth $3,286,000 after buying an additional 5,948 shares during the last quarter. Wellington Shields & Co. LLC increased its position in iShares Preferred and Income Securities ETF by 24.1% during the fourth quarter. Wellington Shields & Co. LLC now owns 9,525 shares of the company’s stock worth $295,000 after buying an additional 1,850 shares during the last quarter. Fisher Asset Management LLC acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $245,000. Finally, Mathes Company Inc. increased its position in iShares Preferred and Income Securities ETF by 11.5% during the fourth quarter. Mathes Company Inc. now owns 50,350 shares of the company’s stock worth $1,559,000 after buying an additional 5,200 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $31.40 on Wednesday. The business’s 50 day moving average price is $31.09 and its two-hundred day moving average price is $31.19. The company has a market cap of $13.93 billion, a PE ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a twelve month low of $30.05 and a twelve month high of $32.26.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be given a dividend of $0.1384 per share. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Monday, June 1st.

About iShares Preferred and Income Securities ETF

(Free Report)

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).

See Also

Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Receive News & Ratings for iShares Preferred and Income Securities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Preferred and Income Securities ETF and related companies with MarketBeat.com's FREE daily email newsletter.