iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stock Position Reduced by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,401 shares of the company’s stock after selling 4,519 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First PREMIER Bank bought a new position in shares of iShares Preferred and Income Securities ETF during the third quarter valued at approximately $53,000. Hoese & Co LLP acquired a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth $53,000. BNP Paribas Financial Markets acquired a new stake in iShares Preferred and Income Securities ETF in the third quarter worth $67,000. Eastern Bank bought a new stake in iShares Preferred and Income Securities ETF in the third quarter valued at $71,000. Finally, Kieckhefer Group LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at $83,000. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.3 %

PFF stock opened at $32.08 on Friday. The stock has a market cap of $14.82 billion, a PE ratio of 3.91 and a beta of 0.51. The firm’s 50-day simple moving average is $32.00 and its 200 day simple moving average is $32.35. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.1767 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 annualized dividend and a dividend yield of 6.61%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.