Congress Asset Management Co. Sells 8,427 Shares of iShares Preferred and Income Securities ETF $PFF

Congress Asset Management Co. trimmed its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 93,529 shares of the company’s stock after selling 8,427 shares during the period. Congress Asset Management Co.’s holdings in iShares Preferred and Income Securities ETF were worth $2,869,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 4,002.9% during the 1st quarter. GAMMA Investing LLC now owns 5,901,020 shares of the company’s stock worth $192,028,000 after acquiring an additional 5,757,195 shares during the period. Greenleaf Trust lifted its holdings in shares of iShares Preferred and Income Securities ETF by 4.8% during the 1st quarter. Greenleaf Trust now owns 1,137,401 shares of the company’s stock worth $34,952,000 after acquiring an additional 52,105 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 9.1% during the 1st quarter. Baird Financial Group Inc. now owns 936,572 shares of the company’s stock worth $28,781,000 after acquiring an additional 77,810 shares during the period. Parkside Investments LLC lifted its holdings in iShares Preferred and Income Securities ETF by 3.3% during the 1st quarter. Parkside Investments LLC now owns 448,230 shares of the company’s stock valued at $13,774,000 after purchasing an additional 14,431 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in iShares Preferred and Income Securities ETF by 3.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 381,441 shares of the company’s stock valued at $11,722,000 after purchasing an additional 13,092 shares during the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.3%

Shares of PFF stock opened at $31.79 on Friday. iShares Preferred and Income Securities ETF has a 12-month low of $28.70 and a 12-month high of $33.59. The company has a market capitalization of $14.46 billion, a P/E ratio of 3.71 and a beta of 0.51. The firm has a 50-day moving average price of $31.53 and a 200 day moving average price of $30.77.

iShares Preferred and Income Securities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.1607 per share. The ex-dividend date was Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 6.1%.

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.