City Holding Co. Cuts Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

City Holding Co. decreased its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.7% in the third quarter, Holdings Channel reports. The firm owned 53,438 shares of the company’s stock after selling 1,483 shares during the quarter. City Holding Co.’s holdings in iShares Preferred and Income Securities ETF were worth $1,775,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Cohen & Steers Inc. boosted its position in shares of iShares Preferred and Income Securities ETF by 8,108.7% during the fourth quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock valued at $172,830,000 after buying an additional 5,473,686 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in iShares Preferred and Income Securities ETF in the 4th quarter worth about $15,445,000. Capital Square LLC bought a new position in iShares Preferred and Income Securities ETF during the 1st quarter valued at about $9,048,000. Greenleaf Trust boosted its holdings in shares of iShares Preferred and Income Securities ETF by 32.2% during the 1st quarter. Greenleaf Trust now owns 958,520 shares of the company’s stock valued at $30,893,000 after acquiring an additional 233,319 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth approximately $6,851,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.7 %

PFF opened at $33.11 on Wednesday. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The firm has a 50 day moving average price of $32.50 and a 200-day moving average price of $31.90. iShares Preferred and Income Securities ETF has a twelve month low of $28.15 and a twelve month high of $33.59.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.1632 per share. 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.