Rothschild Investment LLC Sells 19,682 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Rothschild Investment LLC lessened its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 193,304 shares of the company’s stock after selling 19,682 shares during the period. Rothschild Investment LLC’s holdings in iShares Preferred and Income Securities ETF were worth $6,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PFF. JPMorgan Chase & Co. increased its holdings in shares of iShares Preferred and Income Securities ETF by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after buying an additional 491,005 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth $67,000. HCR Wealth Advisors increased its holdings in shares of iShares Preferred and Income Securities ETF by 1.9% in the 4th quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock worth $1,343,000 after buying an additional 800 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of iShares Preferred and Income Securities ETF by 11.6% in the 4th quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock worth $214,000 after buying an additional 705 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida increased its holdings in shares of iShares Preferred and Income Securities ETF by 11.8% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 66,683 shares of the company’s stock worth $2,097,000 after buying an additional 7,014 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 $31.63 on Monday. The company’s fifty day moving average price is $31.68 and its 200-day moving average price is $32.36. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.1755 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares Preferred and Income Securities ETF’s previous 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.