Ameriflex Group Inc. Sells 7,570 Shares of iShares Preferred and Income Securities ETF $PFF

Ameriflex Group Inc. decreased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 56.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,824 shares of the company’s stock after selling 7,570 shares during the period. Ameriflex Group Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $179,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Crews Bank & Trust increased its holdings in shares of iShares Preferred and Income Securities ETF by 1.6% in the 2nd quarter. Crews Bank & Trust now owns 98,665 shares of the company’s stock worth $3,027,000 after buying an additional 1,580 shares during the last quarter. Parkside Investments LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 10.5% during 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 last quarter. Kentucky Trust Co grew its holdings in shares of iShares Preferred and Income Securities ETF by 3.4% during the 2nd quarter. Kentucky Trust Co now owns 186,296 shares of the company’s stock valued at $5,716,000 after purchasing an additional 6,135 shares during the last quarter. Bank of Stockton grew its holdings in shares of iShares Preferred and Income Securities ETF by 1.9% during the 2nd quarter. Bank of Stockton now owns 155,828 shares of the company’s stock valued at $4,781,000 after purchasing an additional 2,875 shares during the last quarter. Finally, Stolper Co grew its holdings in shares of iShares Preferred and Income Securities ETF by 7.1% during the 2nd quarter. Stolper Co now owns 16,606 shares of the company’s stock valued at $509,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF stock opened at $31.76 on Friday. iShares Preferred and Income Securities ETF has a 52 week low of $28.70 and a 52 week high of $33.58. The firm’s fifty day moving average is $31.59 and its 200 day moving average is $30.79. The firm has a market cap of $14.75 billion, a P/E ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.1707 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.5%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

About iShares Preferred and Income Securities ETF

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.