Sierra Capital LLC Has $1.41 Million Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Sierra Capital LLC cut its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,842 shares of the company’s stock after selling 1,368 shares during the period. Sierra Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,410,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in iShares Preferred and Income Securities ETF during the fourth quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $27,000. Compass Financial Services Inc acquired a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $34,000. Hoese & Co LLP bought a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at $53,000. Finally, Bank of Jackson Hole Trust acquired a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at $64,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

PFF stock opened at $31.69 on Tuesday. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The company has a fifty day moving average price of $31.68 and a two-hundred day moving average price of $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The business 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. This is an increase from iShares Preferred and Income Securities ETF’s previous dividend of $0.16. The ex-dividend date was Monday, February 3rd.

iShares Preferred and Income Securities ETF Company 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.