Burke & Herbert Bank & Trust Co. Has $3.66 Million Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Burke & Herbert Bank & Trust Co. lessened its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,032 shares of the company’s stock after selling 520 shares during the quarter. iShares Preferred and Income Securities ETF comprises about 0.9% of Burke & Herbert Bank & Trust Co.’s investment portfolio, making the stock its 29th largest holding. Burke & Herbert Bank & Trust Co.’s holdings in iShares Preferred and Income Securities ETF were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital Square LLC acquired a new stake in iShares Preferred and Income Securities ETF during the 1st quarter worth $9,048,000. Rothschild Investment LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth about $6,851,000. Canandaigua National Bank & Trust Co. bought a new stake in iShares Preferred and Income Securities ETF during the third quarter worth $4,669,000. One Capital Management LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 1,100.4% in the 2nd quarter. One Capital Management LLC now owns 143,936 shares of the company’s stock valued at $4,541,000 after purchasing an additional 131,945 shares during the period. Finally, GAMMA Investing LLC increased its position in iShares Preferred and Income Securities ETF by 144.3% during the third quarter. GAMMA Investing LLC now owns 137,982 shares of the company’s stock worth $4,585,000 after buying an additional 81,500 shares during the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF traded up $0.12 during trading hours on Friday, reaching $33.15. The company’s stock had a trading volume of 377,333 shares, compared to its average volume of 3,983,876. The firm has a market cap of $15.44 billion, a PE ratio of 3.91 and a beta of 0.51. The company’s 50-day moving average is $32.90 and its 200-day moving average is $32.00. iShares Preferred and Income Securities ETF has a 52 week low of $28.38 and a 52 week high of $33.59.

iShares Preferred and Income Securities ETF Announces Dividend

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