Creative Financial Designs Inc. ADV Decreases Position in iShares Preferred and Income Securities ETF $PFF

Creative Financial Designs Inc. ADV lowered its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 86.9% during the third quarter, Holdings Channel reports. The fund owned 2,471 shares of the company’s stock after selling 16,375 shares during the period. Creative Financial Designs Inc. ADV’s holdings in iShares Preferred and Income Securities ETF were worth $78,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PFF. Wellington Shields Capital Management LLC grew its stake in iShares Preferred and Income Securities ETF by 14.1% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock worth $126,000 after purchasing an additional 505 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 2.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 33,863 shares of the company’s stock valued at $1,039,000 after buying an additional 775 shares during the period. Atlantic Union Bankshares Corp grew its position in shares of iShares Preferred and Income Securities ETF by 11.2% during the second quarter. Atlantic Union Bankshares Corp now owns 21,842 shares of the company’s stock worth $670,000 after buying an additional 2,194 shares in the last quarter. Ethos Financial Group LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 2.5% during the second quarter. Ethos Financial Group LLC now owns 20,772 shares of the company’s stock worth $637,000 after buying an additional 500 shares during the period. Finally, Nvwm LLC raised its holdings in iShares Preferred and Income Securities ETF by 31.6% in the second quarter. Nvwm LLC now owns 5,119 shares of the company’s stock valued at $157,000 after acquiring an additional 1,228 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Down 0.6%

Shares of iShares Preferred and Income Securities ETF stock opened at $31.28 on Wednesday. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $32.26. The company has a 50 day moving average of $31.52 and a 200 day moving average of $31.42. The company has a market capitalization of $13.94 billion, a P/E ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be paid a $0.0312 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 1.2%.

iShares Preferred and Income Securities ETF 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. 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).