Peoples Bank KS Cuts Stake in iShares Preferred and Income Securities ETF $PFF

Peoples Bank KS decreased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 34.6% in the 3rd quarter, Holdings Channel reports. The fund owned 85,050 shares of the company’s stock after selling 44,974 shares during the quarter. iShares Preferred and Income Securities ETF accounts for approximately 2.7% of Peoples Bank KS’s investment portfolio, making the stock its 5th biggest position. Peoples Bank KS’s holdings in iShares Preferred and Income Securities ETF were worth $2,689,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. boosted its stake in iShares Preferred and Income Securities ETF by 6.9% in the 2nd quarter. Baird Financial Group Inc. now owns 1,001,603 shares of the company’s stock worth $30,729,000 after purchasing an additional 65,031 shares during the period. Parkside Investments LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 10.5% in the 2nd quarter. Parkside Investments LLC now owns 495,428 shares of the company’s stock valued at $15,200,000 after purchasing an additional 47,198 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 14.3% in the second quarter. SBI Securities Co. Ltd. now owns 435,969 shares of the company’s stock valued at $13,376,000 after purchasing an additional 54,528 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 28.1% in the second quarter. NewEdge Advisors LLC now owns 359,311 shares of the company’s stock valued at $11,024,000 after purchasing an additional 78,817 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of iShares Preferred and Income Securities ETF by 7.8% during the second quarter. Captrust Financial Advisors now owns 305,358 shares of the company’s stock worth $9,368,000 after buying an additional 22,103 shares during the period. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.04 on Thursday. The business’s 50 day simple moving average is $31.08 and its 200 day simple moving average is $31.16. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $32.28. The firm has a market cap of $14.41 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a dividend of $0.1755 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 6.8%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.