Bessemer Group Inc. Has $2.33 Million Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Bessemer Group Inc. reduced its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 72,289 shares of the company’s stock after selling 7,083 shares during the period. Bessemer Group Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $2,330,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $27,000. M&R Capital Management Inc. lifted its position in iShares Preferred and Income Securities ETF by 280.0% during the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock worth $31,000 after acquiring an additional 700 shares during the last quarter. Vima LLC acquired a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $40,000. Future Financial Wealth Managment LLC acquired a new stake in iShares Preferred and Income Securities ETF during the first quarter worth approximately $56,000. Finally, Webster Bank N. A. lifted its position in iShares Preferred and Income Securities ETF by 34.8% during the first quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock worth $60,000 after acquiring an additional 482 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Up 0.6 %

PFF stock traded up $0.20 during mid-day trading on Thursday, hitting $31.74. 1,565,930 shares of the company were exchanged, compared to its average volume of 4,143,225. The business has a 50 day simple moving average of $31.62 and a 200-day simple moving average of $31.70. The stock has a market capitalization of $14.38 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $32.66.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a dividend of $0.164 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.97 annualized dividend and a dividend yield of 6.20%.

About iShares Preferred and Income Securities ETF

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.