Barrett & Company Inc. Sells 876 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Barrett & Company Inc. lessened its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,350 shares of the company’s stock after selling 876 shares during the period. Barrett & Company Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $294,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First PREMIER Bank purchased a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $53,000. Somerset Trust Co boosted its stake in shares of iShares Preferred and Income Securities ETF by 72.0% during the 3rd quarter. Somerset Trust Co now owns 46,805 shares of the company’s stock worth $1,555,000 after acquiring an additional 19,587 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $290,000. Webster Bank N. A. boosted its stake in shares of iShares Preferred and Income Securities ETF by 241.0% during the 3rd quarter. Webster Bank N. A. now owns 6,367 shares of the company’s stock worth $212,000 after acquiring an additional 4,500 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of iShares Preferred and Income Securities ETF by 1.4% during the 3rd quarter. NBC Securities Inc. now owns 56,582 shares of the company’s stock worth $1,880,000 after acquiring an additional 758 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF opened at $31.71 on Friday. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The firm’s fifty day moving average is $31.88 and its 200 day moving average is $32.35. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.1755 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, February 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.