Rothschild Investment LLC Sells 42,420 Shares of iShares Preferred and Income Securities ETF $PFF

Rothschild Investment LLC lessened its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 37.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 70,327 shares of the company’s stock after selling 42,420 shares during the period. Rothschild Investment LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,177,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PFF. Horizon Investments LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at $10,608,000. SG Americas Securities LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter valued at $9,987,000. Redmont Wealth Advisors LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at $3,416,000. Price Capital Management Inc. bought a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at $3,240,000. Finally, Bessemer Group Inc. boosted its holdings in shares of iShares Preferred and Income Securities ETF by 220.2% during the 3rd quarter. Bessemer Group Inc. now owns 137,617 shares of the company’s stock valued at $4,351,000 after buying an additional 94,639 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.2%

Shares of PFF stock opened at $31.56 on Friday. iShares Preferred and Income Securities ETF has a 12 month low of $29.86 and a 12 month high of $32.26. The stock has a market cap of $14.00 billion, a PE ratio of 3.71 and a beta of 0.53. The company’s fifty day moving average price is $31.07 and its 200-day moving average price is $31.19.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a dividend of $0.1403 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, May 1st.

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. 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).