Rothschild Investment LLC Cuts Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Rothschild Investment LLC cut its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 193,304 shares of the company’s stock after selling 19,682 shares during the quarter. Rothschild Investment LLC’s holdings in iShares Preferred and Income Securities ETF were worth $6,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PFF. YANKCOM Partnership purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $27,000. Compass Financial Services Inc purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $34,000. Hoese & Co LLP purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $53,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter valued at approximately $64,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.1 %

Shares of PFF stock opened at $31.63 on Monday. The stock has a market capitalization of $14.68 billion, a P/E ratio of 3.91 and a beta of 0.51. The firm’s 50 day moving average is $31.68 and its 200 day moving average is $32.36. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared 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.

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.