SouthState Corp Sells 6,190 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

SouthState Corp reduced its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,701 shares of the company’s stock after selling 6,190 shares during the quarter. SouthState Corp’s holdings in iShares Preferred and Income Securities ETF were worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 6.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock valued at $48,913,000 after purchasing an additional 90,356 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after purchasing an additional 491,005 shares in the last quarter. Hilton Capital Management LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after purchasing an additional 239,661 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of iShares Preferred and Income Securities ETF by 4.9% during the fourth quarter. Greenleaf Trust now owns 1,085,296 shares of the company’s stock valued at $34,122,000 after purchasing an additional 50,885 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at $20,005,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $31.12 on Monday. The company has a market cap of $14.44 billion, a P/E ratio of 3.95 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The stock’s fifty day moving average price is $31.60 and its 200-day moving average price is $32.30.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1731 per share. The ex-dividend date of this dividend was Monday, March 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.