Western Wealth Management LLC Lowers Position in iShares Preferred and Income Securities ETF $PFF

Western Wealth Management LLC decreased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 21.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,486 shares of the company’s stock after selling 4,542 shares during the period. Western Wealth Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $506,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Peoples Bank KS grew its position in shares of iShares Preferred and Income Securities ETF by 0.3% during the 2nd quarter. Peoples Bank KS now owns 130,024 shares of the company’s stock valued at $3,989,000 after acquiring an additional 359 shares during the period. Titleist Asset Management LLC lifted its stake in iShares Preferred and Income Securities ETF by 4.1% in the first quarter. Titleist Asset Management LLC now owns 10,076 shares of the company’s stock valued at $310,000 after purchasing an additional 400 shares during the last quarter. Ethos Financial Group LLC grew its holdings in iShares Preferred and Income Securities ETF by 2.5% during the second quarter. Ethos Financial Group LLC now owns 20,772 shares of the company’s stock valued at $637,000 after purchasing an additional 500 shares during the period. Wellington Shields Capital Management LLC grew its holdings in iShares Preferred and Income Securities ETF by 14.1% during the second quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock valued at $126,000 after purchasing an additional 505 shares during the period. Finally, Crestwood Advisors Group LLC increased its position in iShares Preferred and Income Securities ETF by 1.7% in the first quarter. Crestwood Advisors Group LLC now owns 33,088 shares of the company’s stock worth $1,017,000 after buying an additional 545 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 PFF opened at $30.62 on Wednesday. iShares Preferred and Income Securities ETF has a 1 year low of $28.70 and a 1 year high of $32.98. The stock’s fifty day moving average price is $31.52 and its two-hundred day moving average price is $31.08. The firm has a market cap of $14.22 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were paid a dividend of $0.1707 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Monday, November 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.