Dumont & Blake Investment Advisors LLC Sells 5,323 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Dumont & Blake Investment Advisors LLC reduced its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,270 shares of the company’s stock after selling 5,323 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,555,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PFF. Massmutual Trust Co. FSB ADV grew its position in iShares Preferred and Income Securities ETF by 17.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 164,422 shares of the company’s stock worth $5,464,000 after acquiring an additional 24,231 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $4,669,000. Red Spruce Capital LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 14.1% during the third quarter. Red Spruce Capital LLC now owns 23,348 shares of the company’s stock valued at $776,000 after buying an additional 2,891 shares during the period. GAMMA Investing LLC boosted its holdings in iShares Preferred and Income Securities ETF by 144.3% in the third quarter. GAMMA Investing LLC now owns 137,982 shares of the company’s stock valued at $4,585,000 after acquiring an additional 81,500 shares in the last quarter. Finally, Bath Savings Trust Co increased its position in iShares Preferred and Income Securities ETF by 9.1% during the 3rd quarter. Bath Savings Trust Co now owns 53,432 shares of the company’s stock valued at $1,776,000 after purchasing an additional 4,436 shares during the period. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.6 %

Shares of PFF opened at $32.10 on Friday. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The firm’s 50-day moving average price is $31.98 and its 200-day moving average price is $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.60%.

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.