Barrett & Company Inc. Sells 876 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Barrett & Company Inc. reduced its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,350 shares of the company’s stock after selling 876 shares during the quarter. Barrett & Company Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. First Interstate Bank grew its holdings in iShares Preferred and Income Securities ETF by 0.6% during the 3rd quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock valued at $54,870,000 after purchasing an additional 10,148 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in iShares Preferred and Income Securities ETF by 6.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock valued at $48,913,000 after purchasing an additional 90,356 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Preferred and Income Securities ETF by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after purchasing an additional 491,005 shares during the last quarter. Hilton Capital Management LLC grew its holdings in iShares Preferred and Income Securities ETF by 19.9% during the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after purchasing an additional 239,661 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in iShares Preferred and Income Securities ETF by 4.9% during the 4th quarter. Greenleaf Trust now owns 1,085,296 shares of the company’s stock valued at $34,122,000 after purchasing an additional 50,885 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $31.71 on Friday. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The firm has a 50-day moving average of $31.88 and a two-hundred day moving average of $32.35.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.1755 dividend. The ex-dividend date was Monday, February 3rd. This is a boost 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.