Somerset Trust Co Boosts Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Somerset Trust Co grew its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,493 shares of the company’s stock after acquiring an additional 3,688 shares during the quarter. Somerset Trust Co’s holdings in iShares Preferred and Income Securities ETF were worth $1,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PFF. Arkos Global Advisors grew its stake in iShares Preferred and Income Securities ETF by 142.3% during the 2nd quarter. Arkos Global Advisors now owns 32,670 shares of the company’s stock valued at $1,031,000 after acquiring an additional 19,188 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth approximately $517,000. Sunbelt Securities Inc. grew its position in shares of iShares Preferred and Income Securities ETF by 67.2% in the second quarter. Sunbelt Securities Inc. now owns 38,053 shares of the company’s stock valued at $1,201,000 after purchasing an additional 15,292 shares in the last quarter. Lazari Capital Management Inc. increased its holdings in shares of iShares Preferred and Income Securities ETF by 8.3% in the second quarter. Lazari Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $231,000 after purchasing an additional 560 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in iShares Preferred and Income Securities ETF by 17.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 164,422 shares of the company’s stock worth $5,464,000 after buying an additional 24,231 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.2 %

Shares of PFF opened at $31.75 on Friday. The stock has a fifty day simple moving average of $32.08 and a two-hundred day simple moving average of $32.34. The company has a market capitalization of $14.69 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 dividend on an annualized basis and a yield of 6.68%.

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.