Sierra Capital LLC Sells 1,368 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Sierra Capital LLC lowered its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,842 shares of the company’s stock after selling 1,368 shares during the quarter. Sierra Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PFF. BankPlus Trust Department bought a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at $94,000. Crestwood Advisors Group LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 2.4% in the 4th quarter. Crestwood Advisors Group LLC now owns 32,543 shares of the company’s stock valued at $1,023,000 after purchasing an additional 772 shares during the period. Bank of Stockton raised its stake in shares of iShares Preferred and Income Securities ETF by 21.7% in the 4th quarter. Bank of Stockton now owns 150,647 shares of the company’s stock valued at $4,736,000 after purchasing an additional 26,880 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $64,000. Finally, Valley Wealth Managers Inc. boosted its position in shares of iShares Preferred and Income Securities ETF by 24.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 22,252 shares of the company’s stock worth $700,000 after buying an additional 4,323 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.69 on Tuesday. The firm has a market cap of $14.70 billion, a PE ratio of 3.91 and a beta of 0.51. The business’s 50 day simple moving average is $31.68 and its 200 day simple moving average is $32.36. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1755 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares Preferred and Income Securities ETF’s previous dividend of $0.16.

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.