Valley Wealth Managers Inc. Decreases Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Valley Wealth Managers Inc. decreased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,434 shares of the company’s stock after selling 2,567 shares during the period. Valley Wealth Managers Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $1,174,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock valued at $61,112,000 after buying an additional 81,413 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter worth approximately $468,000. Sunbelt Securities Inc. increased its stake in shares of iShares Preferred and Income Securities ETF by 105.6% in the third quarter. Sunbelt Securities Inc. now owns 19,129 shares of the company’s stock worth $577,000 after buying an additional 9,827 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in iShares Preferred and Income Securities ETF by 2.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 117,674 shares of the company’s stock valued at $3,670,000 after buying an additional 2,781 shares during the last quarter. Finally, Montecito Bank & Trust boosted its position in iShares Preferred and Income Securities ETF by 35.7% during the 4th quarter. Montecito Bank & Trust now owns 45,016 shares of the company’s stock valued at $1,404,000 after buying an additional 11,833 shares during the period. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.9 %

NASDAQ PFF traded up $0.28 on Thursday, hitting $31.85. The company’s stock had a trading volume of 3,739,303 shares, compared to its average volume of 4,223,107. The firm has a market cap of $14.37 billion, a P/E ratio of 3.91 and a beta of 0.51. The company’s 50-day simple moving average is $31.54 and its 200 day simple moving average is $31.65. iShares Preferred and Income Securities ETF has a 52-week low of $28.15 and a 52-week high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a dividend of $0.164 per share. The ex-dividend date was Monday, July 1st. This represents a $1.97 dividend on an annualized basis and a dividend yield of 6.18%.

About iShares Preferred and Income Securities ETF

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.