Independence Bank of Kentucky Sells 10,252 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Independence Bank of Kentucky reduced its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 17.0% in the fourth quarter, HoldingsChannel reports. The firm owned 50,221 shares of the company’s stock after selling 10,252 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares Preferred and Income Securities ETF were worth $1,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in PFF. Cornerstone Planning Group LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at about $27,000. VitalStone Financial LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at about $51,000. Sugarloaf Wealth Management LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 45.5% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $64,000 after purchasing an additional 640 shares during the period. ORG Partners LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 43.8% during the 3rd quarter. ORG Partners LLC now owns 2,758 shares of the company’s stock valued at $83,000 after acquiring an additional 840 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of iShares Preferred and Income Securities ETF by 18.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock valued at $118,000 after acquiring an additional 584 shares during the period. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.3 %

Shares of NASDAQ:PFF opened at $32.00 on Thursday. The stock has a 50 day moving average of $32.05 and a 200 day moving average of $30.86. The company has a market cap of $14.14 billion, a PE ratio of 8.31 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12-month low of $28.15 and a 12-month high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, April 2nd will be paid a dividend of $0.1561 per share. The ex-dividend date is Monday, April 1st. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.86%.

iShares Preferred and Income Securities ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report).

Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Receive News & Ratings for iShares Preferred and Income Securities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Preferred and Income Securities ETF and related companies with MarketBeat.com's FREE daily email newsletter.