iShares Preferred and Income Securities ETF $PFF Position Boosted by Titleist Asset Management LLC

Titleist Asset Management LLC increased its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,076 shares of the company’s stock after buying an additional 400 shares during the quarter. Titleist Asset Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citizens National Bank Trust Department bought a new position in iShares Preferred and Income Securities ETF in the 1st quarter worth approximately $31,000. Rossby Financial LCC bought a new position in iShares Preferred and Income Securities ETF in the 1st quarter worth approximately $46,000. Golden State Wealth Management LLC grew its holdings in iShares Preferred and Income Securities ETF by 98.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,690 shares of the company’s stock worth $52,000 after buying an additional 840 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $64,000. Finally, Pandora Wealth Inc. bought a new position in iShares Preferred and Income Securities ETF in the 1st quarter worth approximately $77,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock opened at $31.46 on Friday. iShares Preferred and Income Securities ETF has a 12-month low of $28.70 and a 12-month high of $33.59. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 3.71 and a beta of 0.51. The business has a 50 day simple moving average of $31.16 and a 200 day simple moving average of $30.72.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, August 1st were paid a dividend of $0.1621 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, August 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.