Curbstone Financial Management Corp Sells 4,100 Shares of iShares Preferred and Income Securities ETF $PFF

Curbstone Financial Management Corp cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,163 shares of the company’s stock after selling 4,100 shares during the period. Curbstone Financial Management Corp’s holdings in iShares Preferred and Income Securities ETF were worth $3,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Peoples Bank KS lifted its stake in iShares Preferred and Income Securities ETF by 0.3% during the second quarter. Peoples Bank KS now owns 130,024 shares of the company’s stock worth $3,989,000 after purchasing an additional 359 shares during the last quarter. Titleist Asset Management LLC lifted its stake in iShares Preferred and Income Securities ETF by 4.1% during the first quarter. Titleist Asset Management LLC now owns 10,076 shares of the company’s stock worth $310,000 after purchasing an additional 400 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in iShares Preferred and Income Securities ETF by 1.7% during the first quarter. Crestwood Advisors Group LLC now owns 33,088 shares of the company’s stock worth $1,017,000 after purchasing an additional 545 shares during the last quarter. Wellington Shields & Co. LLC lifted its stake in iShares Preferred and Income Securities ETF by 9.8% during the first quarter. Wellington Shields & Co. LLC now owns 6,140 shares of the company’s stock worth $189,000 after purchasing an additional 550 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in iShares Preferred and Income Securities ETF by 32.3% during the first quarter. Westside Investment Management Inc. now owns 3,253 shares of the company’s stock worth $100,000 after purchasing an additional 795 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ PFF opened at $31.41 on Friday. The business has a fifty day moving average price of $31.66 and a two-hundred day moving average price of $30.82. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.70 and a fifty-two week high of $33.52. The stock has a market capitalization of $14.61 billion, a PE ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.1707 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date was Wednesday, October 1st.

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.