Sierra Capital LLC Has $1.54 Million Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Sierra Capital LLC reduced its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 28.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 46,210 shares of the company’s stock after selling 18,551 shares during the period. Sierra Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Square LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the first quarter valued at about $9,048,000. Rothschild Investment LLC bought a new stake in iShares Preferred and Income Securities ETF during the second quarter worth about $6,851,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of iShares Preferred and Income Securities ETF in the third quarter valued at approximately $4,669,000. One Capital Management LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 1,100.4% in the second quarter. One Capital Management LLC now owns 143,936 shares of the company’s stock valued at $4,541,000 after buying an additional 131,945 shares during the period. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in shares of iShares Preferred and Income Securities ETF in the second quarter valued at approximately $3,488,000. 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 traded up $0.01 on Tuesday, hitting $33.13. The stock had a trading volume of 1,451,416 shares, compared to its average volume of 3,993,804. The stock has a 50 day moving average of $32.82 and a 200 day moving average of $31.98. iShares Preferred and Income Securities ETF has a twelve month low of $28.32 and a twelve month high of $33.59. The firm has a market capitalization of $15.40 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.1632 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.