Valley Wealth Managers Inc. Buys Shares of 40,634 iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Valley Wealth Managers Inc. acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,634 shares of the company’s stock, valued at approximately $1,225,000.

A number of other institutional investors also recently modified their holdings of PFF. Fairfield Bush & CO. acquired a new position in iShares Preferred and Income Securities ETF during the first quarter worth $152,000. Baird Financial Group Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 1.6% in the 1st quarter. Baird Financial Group Inc. now owns 796,440 shares of the company’s stock worth $29,006,000 after acquiring an additional 12,581 shares in the last quarter. Laurel Wealth Advisors Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 2.2% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 28,765 shares of the company’s stock worth $1,048,000 after acquiring an additional 622 shares in the last quarter. Worth Asset Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth $564,000. Finally, SS&H Financial Advisors Inc. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth $4,462,000. Institutional investors and hedge funds own 4.28% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ PFF opened at $32.09 on Tuesday. iShares Preferred and Income Securities ETF has a 1 year low of $28.15 and a 1 year high of $33.24. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 8.31 and a beta of 0.51. The company has a fifty day moving average price of $31.39 and a 200-day moving average price of $30.45.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were given a dividend of $0.1765 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $2.12 annualized dividend and a yield of 6.60%.

iShares Preferred and Income Securities ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

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