SVB Wealth LLC Sells 21,779 Shares of iShares Preferred and Income Securities ETF $PFF

SVB Wealth LLC trimmed its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 33.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,165 shares of the company’s stock after selling 21,779 shares during the quarter. SVB Wealth LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,336,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Sound Income Strategies LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 4.2% in the 4th quarter. Sound Income Strategies LLC now owns 9,913 shares of the company’s stock worth $315,000 after acquiring an additional 402 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 3.7% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 12,222 shares of the company’s stock worth $386,000 after acquiring an additional 436 shares during the last quarter. Somerset Trust Co lifted its holdings in shares of iShares Preferred and Income Securities ETF by 1.0% in the 4th quarter. Somerset Trust Co now owns 49,083 shares of the company’s stock worth $1,520,000 after acquiring an additional 500 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 2.1% in the 4th quarter. North Star Investment Management Corp. now owns 26,719 shares of the company’s stock worth $827,000 after acquiring an additional 542 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 4.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 13,574 shares of the company’s stock worth $420,000 after acquiring an additional 549 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $31.68 on Tuesday. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a fifty-two week low of $29.86 and a fifty-two week high of $32.26. The firm has a 50 day moving average price of $31.00 and a 200-day moving average price of $31.18.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.1403 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, 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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).