Redmont Wealth Advisors LLC Trims Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Redmont Wealth Advisors LLC lessened its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,359 shares of the company’s stock after selling 386 shares during the period. iShares Preferred and Income Securities ETF makes up about 6.5% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Redmont Wealth Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $4,199,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its position in shares of iShares Preferred and Income Securities ETF by 2.5% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 15,062 shares of the company’s stock valued at $475,000 after purchasing an additional 369 shares during the period. Stolper Co increased its position in shares of iShares Preferred and Income Securities ETF by 2.5% during the second quarter. Stolper Co now owns 15,413 shares of the company’s stock worth $486,000 after acquiring an additional 371 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of iShares Preferred and Income Securities ETF by 2.4% during the second quarter. Farther Finance Advisors LLC now owns 16,506 shares of the company’s stock worth $516,000 after acquiring an additional 381 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of iShares Preferred and Income Securities ETF by 11.4% during the first quarter. AdvisorNet Financial Inc now owns 3,938 shares of the company’s stock worth $127,000 after acquiring an additional 404 shares during the period. Finally, Webster Bank N. A. lifted its position in iShares Preferred and Income Securities ETF by 34.8% in the 1st quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock valued at $60,000 after acquiring an additional 482 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Down 0.2 %

Shares of NASDAQ PFF opened at $33.45 on Friday. The company has a fifty day moving average price of $32.75 and a 200 day moving average price of $31.96. The firm has a market cap of $15.51 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $33.59.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1632 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares Preferred and Income Securities ETF Profile

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.