American National Bank Lowers Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

American National Bank decreased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF – Get Rating) by 59.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 906 shares of the company’s stock after selling 1,324 shares during the period. American National Bank’s holdings in iShares Preferred and Income Securities ETF were worth $28,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth $44,000. Colonial Trust Advisors acquired a new position in iShares Preferred and Income Securities ETF in the third quarter valued at $106,000. Financial Management Professionals Inc. lifted its position in iShares Preferred and Income Securities ETF by 10.6% during the third quarter. Financial Management Professionals Inc. now owns 3,676 shares of the company’s stock worth $116,000 after buying an additional 352 shares during the period. Stonebridge Capital Advisors LLC boosted its stake in iShares Preferred and Income Securities ETF by 13.9% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 3,936 shares of the company’s stock worth $143,000 after buying an additional 480 shares during the last quarter. Finally, Fairfield Bush & CO. purchased a new stake in iShares Preferred and Income Securities ETF in the 1st quarter valued at about $152,000. Institutional investors and hedge funds own 6.55% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock opened at $30.18 on Friday. The firm’s 50-day simple moving average is $32.54 and its 200-day simple moving average is $31.84. iShares Preferred and Income Securities ETF has a 1-year low of $29.63 and a 1-year high of $36.51. The firm has a market cap of $12.78 billion, a P/E ratio of 8.31 and a beta of 0.48.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Thursday, March 2nd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $2.28 dividend on an annualized basis and a yield of 7.55%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.19.

iShares Preferred and Income Securities ETF Profile

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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.