Harbor Investment Advisory LLC Has $496,000 Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Harbor Investment Advisory LLC increased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 13.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,787 shares of the company’s stock after acquiring an additional 1,815 shares during the period. Harbor Investment Advisory LLC’s holdings in iShares Preferred and Income Securities ETF were worth $496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 acquiring an additional 491,005 shares during the period. BNP Paribas Financial Markets bought a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $67,000. HCR Wealth Advisors boosted its position in iShares Preferred and Income Securities ETF by 1.9% in the fourth quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock valued at $1,343,000 after buying an additional 800 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in iShares Preferred and Income Securities ETF during the third quarter worth about $4,669,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of iShares Preferred and Income Securities ETF by 11.6% during the fourth quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock worth $214,000 after buying an additional 705 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 1.1 %

NASDAQ:PFF opened at $32.11 on Wednesday. The stock has a market capitalization of $14.83 billion, a P/E ratio of 3.91 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 firm has a 50 day moving average of $32.05 and a 200-day moving average of $32.35.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.1767 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a yield of 6.60%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.