Resources Management Corp CT ADV Cuts Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Resources Management Corp CT ADV lessened its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,705 shares of the company’s stock after selling 545 shares during the quarter. Resources Management Corp CT ADV’s holdings in iShares Preferred and Income Securities ETF were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at about $27,000. Viewpoint Capital Management LLC bought a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter worth about $27,000. M&R Capital Management Inc. raised its position in iShares Preferred and Income Securities ETF by 280.0% in the 1st quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock worth $31,000 after buying an additional 700 shares during the last quarter. Vima LLC bought a new position in iShares Preferred and Income Securities ETF during the 4th quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at about $43,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.2 %

NASDAQ:PFF opened at $33.51 on Wednesday. The company has a market cap of $15.21 billion, a PE ratio of 3.91 and a beta of 0.51. The company has a 50 day simple moving average of $32.20 and a two-hundred day simple moving average of $31.83. iShares Preferred and Income Securities ETF has a 12 month low of $28.15 and a 12 month high of $33.53.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1632 dividend. The ex-dividend date was Tuesday, September 3rd.

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.