1,700 Shares in iShares Preferred and Income Securities ETF (NASDAQ:PFF) Acquired by Hoese & Co LLP

Hoese & Co LLP acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,700 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of iShares Preferred and Income Securities ETF by 51.0% in the 3rd 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. Hilton Capital Management LLC grew its position in iShares Preferred and Income Securities ETF by 19.9% during the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock worth $48,009,000 after purchasing an additional 239,661 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in iShares Preferred and Income Securities ETF in the third quarter valued at $4,669,000. Janney Montgomery Scott LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 7.7% in the third quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after buying an additional 104,770 shares during the last quarter. Finally, Graypoint LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 82.2% during the fourth quarter. Graypoint LLC now owns 186,246 shares of the company’s stock worth $5,856,000 after buying an additional 84,051 shares during the period. 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 stock opened at $31.75 on Tuesday. The stock’s 50-day moving average price is $32.05 and its 200 day moving average price is $32.35. The stock has a market capitalization of $14.67 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 business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.1767 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.68%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.