iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Sold by SouthState Corp

SouthState Corp cut its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.8% in the 4th quarter, Holdings Channel reports. The firm owned 103,322 shares of the company’s stock after selling 8,725 shares during the period. SouthState Corp’s holdings in iShares Preferred and Income Securities ETF were worth $3,223,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in iShares Preferred and Income Securities ETF by 4.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock valued at $61,112,000 after buying an additional 81,413 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 38.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,358,002 shares of the company’s stock worth $40,944,000 after buying an additional 375,400 shares during the period. SG Americas Securities LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth $28,841,000. Greenleaf Trust bought a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth $22,619,000. Finally, Osher Van de Voorde Investment Management boosted its holdings in shares of iShares Preferred and Income Securities ETF by 21.2% during the 4th quarter. Osher Van de Voorde Investment Management now owns 288,950 shares of the company’s stock worth $9,012,000 after buying an additional 50,525 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF traded up $0.05 during trading hours on Thursday, hitting $31.19. 3,652,000 shares of the stock were exchanged, compared to its average volume of 4,749,690. The company’s 50 day moving average is $31.80 and its 200 day moving average is $31.08. The firm has a market capitalization of $14.29 billion, a P/E ratio of 3.83 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $28.15 and a one year high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a $0.1596 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date is Wednesday, May 1st.

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.