Farther Finance Advisors LLC Sells 5,003 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Farther Finance Advisors LLC lowered its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,971 shares of the company’s stock after selling 5,003 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $722,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Mount Lucas Management LP lifted its holdings in shares of iShares Preferred and Income Securities ETF by 4.7% in the 3rd quarter. Mount Lucas Management LP now owns 82,800 shares of the company’s stock worth $2,751,000 after acquiring an additional 3,742 shares during the last quarter. SouthState Corp raised its position in iShares Preferred and Income Securities ETF by 1.8% in the 3rd quarter. SouthState Corp now owns 94,891 shares of the company’s stock worth $3,153,000 after purchasing an additional 1,708 shares during the period. Avior Wealth Management LLC lifted its stake in iShares Preferred and Income Securities ETF by 5.5% in the third quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock worth $249,000 after purchasing an additional 390 shares during the last quarter. Hilton Capital Management LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares during the period. Finally, Capital Square LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 21.8% during the third quarter. Capital Square LLC now owns 384,705 shares of the company’s stock valued at $12,784,000 after buying an additional 68,898 shares during the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.6 %

PFF opened at $31.12 on Friday. The business has a fifty day moving average of $31.60 and a 200 day moving average of $32.30. The stock has a market cap of $14.44 billion, a P/E ratio of 3.95 and a beta of 0.51. 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.1731 dividend. The ex-dividend date of this dividend was Monday, March 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.