MassMutual Private Wealth & Trust FSB Boosts Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

MassMutual Private Wealth & Trust FSB grew its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.2% during the fourth quarter, HoldingsChannel reports. The fund owned 169,652 shares of the company’s stock after acquiring an additional 5,230 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in iShares Preferred and Income Securities ETF were worth $5,334,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PFF. Financial Management Professionals Inc. raised its stake in iShares Preferred and Income Securities ETF by 12.6% in the fourth quarter. Financial Management Professionals Inc. now owns 10,251 shares of the company’s stock valued at $322,000 after buying an additional 1,149 shares during the last quarter. Somerset Trust Co grew its holdings in shares of iShares Preferred and Income Securities ETF by 7.9% during the fourth quarter. Somerset Trust Co now owns 50,493 shares of the company’s stock valued at $1,589,000 after buying an additional 3,688 shares during the last quarter. HCR Wealth Advisors increased its position in shares of iShares Preferred and Income Securities ETF by 1.9% in the 4th quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock valued at $1,343,000 after acquiring an additional 800 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of iShares Preferred and Income Securities ETF by 13.5% in the 4th quarter. Rosenberg Matthew Hamilton now owns 30,809 shares of the company’s stock valued at $969,000 after acquiring an additional 3,660 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in iShares Preferred and Income Securities ETF by 11.6% in the 4th quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock worth $214,000 after acquiring an additional 705 shares during the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.2 %

Shares of NASDAQ:PFF opened at $31.75 on Monday. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The business has a 50-day moving average price of $32.08 and a 200-day moving average price of $32.35.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.1767 per share. The ex-dividend date of this dividend 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.