Creative Financial Designs Inc. ADV Trims Stock Holdings in iShares Preferred and Income Securities ETF $PFF

Creative Financial Designs Inc. ADV lessened its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 86.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,471 shares of the company’s stock after selling 16,375 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in iShares Preferred and Income Securities ETF were worth $78,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Corsicana & Co. acquired a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $29,000. 1620 Investment Advisors Inc. purchased a new stake in iShares Preferred and Income Securities ETF in the third quarter valued at approximately $44,000. Resources Management Corp CT ADV purchased a new stake in iShares Preferred and Income Securities ETF in the second quarter valued at approximately $80,000. WFA of San Diego LLC acquired a new position in iShares Preferred and Income Securities ETF during the second quarter worth $83,000. Finally, Wellington Shields Capital Management LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 14.1% during the second quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock worth $126,000 after buying an additional 505 shares during the period. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Down 0.6%

PFF stock opened at $31.28 on Wednesday. The business’s fifty day moving average price is $31.52 and its 200 day moving average price is $31.42. iShares Preferred and Income Securities ETF has a 12-month low of $28.70 and a 12-month high of $32.26. The company has a market capitalization of $13.94 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.0312 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd.

iShares Preferred and Income Securities ETF Company 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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).