Rosenberg Matthew Hamilton Raises Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Rosenberg Matthew Hamilton increased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,809 shares of the company’s stock after purchasing an additional 3,660 shares during the period. Rosenberg Matthew Hamilton’s holdings in iShares Preferred and Income Securities ETF were worth $969,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First PREMIER Bank purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $53,000. BNP Paribas Financial Markets acquired a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at about $67,000. Eastern Bank purchased a new stake in iShares Preferred and Income Securities ETF during the third quarter worth about $71,000. Kieckhefer Group LLC acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter worth about $83,000. Finally, Bogart Wealth LLC increased its holdings in iShares Preferred and Income Securities ETF by 13.3% in the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after buying an additional 471 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.5 %

PFF stock opened at $30.93 on Tuesday. The firm has a 50 day moving average of $32.20 and a 200-day moving average of $32.34. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12-month low of $30.56 and a 12-month high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend and a yield of 6.85%.

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.