Sonata Capital Group Inc. Sells 1,110 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Sonata Capital Group Inc. lessened its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,663 shares of the company’s stock after selling 1,110 shares during the quarter. Sonata Capital Group Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $720,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Viewpoint Capital Management LLC bought a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at approximately $43,000. First PREMIER Bank purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $53,000. Eastern Bank bought a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $71,000. Finally, Bogart Wealth LLC lifted its holdings in iShares Preferred and Income Securities ETF by 13.3% during the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after purchasing an additional 471 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ PFF traded up $0.16 during midday trading on Friday, reaching $33.16. The stock had a trading volume of 1,121,180 shares, compared to its average volume of 3,990,522. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12-month low of $29.40 and a 12-month high of $33.59. The stock has a 50-day moving average of $33.03 and a 200-day moving average of $32.11.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.1653 per share. The ex-dividend date was Friday, November 1st. This represents a $1.98 annualized dividend and a dividend yield of 5.98%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.