SouthState Corp Lowers Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

SouthState Corp trimmed its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,322 shares of the company’s stock after selling 8,725 shares during the period. SouthState Corp’s holdings in iShares Preferred and Income Securities ETF were worth $3,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 4.2% in the third quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after buying an additional 81,413 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 38.2% in the third quarter. Janney Montgomery Scott LLC now owns 1,358,002 shares of the company’s stock worth $40,944,000 after buying an additional 375,400 shares in the last quarter. SG Americas Securities LLC purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $28,841,000. Greenleaf Trust purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $22,619,000. Finally, Osher Van de Voorde Investment Management raised its position in iShares Preferred and Income Securities ETF by 21.2% during the fourth quarter. Osher Van de Voorde Investment Management now owns 288,950 shares of the company’s stock valued at $9,012,000 after purchasing an additional 50,525 shares during the period. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

PFF stock traded up $0.05 during midday trading on Thursday, reaching $31.19. 3,652,000 shares of the company traded hands, compared to its average volume of 4,749,690. iShares Preferred and Income Securities ETF has a 52-week low of $28.15 and a 52-week high of $32.66. The business has a 50 day moving average of $31.80 and a 200-day moving average of $31.08. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 3.83 and a beta of 0.51.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.1596 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.92 dividend on an annualized basis and a yield of 6.14%.

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.