Marshall Wace LLP Lowers Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Marshall Wace LLP lessened its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 19.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 457,000 shares of the company’s stock after selling 113,200 shares during the quarter. Marshall Wace LLP’s holdings in iShares Preferred and Income Securities ETF were worth $14,418,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at $27,000. Viewpoint Capital Management LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at about $27,000. M&R Capital Management Inc. increased its stake in shares of iShares Preferred and Income Securities ETF by 280.0% during the 1st quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock valued at $31,000 after acquiring an additional 700 shares during the last quarter. Vima LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock opened at $33.45 on Friday. The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $28.15 and a one year high of $33.59. The company has a 50 day moving average price of $32.26 and a 200 day moving average price of $31.86.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.1632 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares Preferred and Income Securities ETF Company Profile

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.