Burns J W & Co. Inc. NY Has $570,000 Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Burns J W & Co. Inc. NY cut its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,692 shares of the company’s stock after selling 4,393 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in iShares Preferred and Income Securities ETF were worth $570,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PSI Advisors LLC grew its position in shares of iShares Preferred and Income Securities ETF by 16.3% during the 4th quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock worth $75,000 after buying an additional 337 shares during the period. SWS Partners grew its position in shares of iShares Preferred and Income Securities ETF by 3.1% during the 4th quarter. SWS Partners now owns 12,025 shares of the company’s stock worth $375,000 after buying an additional 365 shares during the period. AdvisorNet Financial Inc grew its position in shares of iShares Preferred and Income Securities ETF by 11.4% during the 1st quarter. AdvisorNet Financial Inc now owns 3,938 shares of the company’s stock worth $127,000 after buying an additional 404 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of iShares Preferred and Income Securities ETF by 3.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 13,304 shares of the company’s stock worth $415,000 after buying an additional 477 shares during the period. Finally, Webster Bank N. A. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 34.8% during the 1st quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock valued at $60,000 after purchasing an additional 482 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Down 0.2 %

Shares of NASDAQ:PFF traded down $0.06 during trading on Friday, hitting $31.55. 3,722,227 shares of the company’s stock traded hands, compared to its average volume of 4,285,683. iShares Preferred and Income Securities ETF has a 52 week low of $28.15 and a 52 week high of $32.66. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The company has a 50-day moving average price of $31.48 and a 200-day moving average price of $31.62.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a $0.1634 dividend. This represents a $1.96 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend was Monday, June 3rd.

iShares Preferred and Income Securities ETF Company 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.