iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by Financial Management Professionals Inc.

Financial Management Professionals Inc. increased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,251 shares of the company’s stock after purchasing an additional 1,149 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $322,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in 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 worth $48,314,000 after purchasing an additional 491,005 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth $67,000. HCR Wealth Advisors raised its position in iShares Preferred and Income Securities ETF by 1.9% during the fourth quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock worth $1,343,000 after acquiring an additional 800 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in iShares Preferred and Income Securities ETF during the third quarter worth $4,669,000. Finally, AdvisorNet Financial Inc lifted its holdings in 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 valued at $214,000 after purchasing an additional 705 shares in the last quarter. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.2 %

PFF stock opened at $31.75 on Friday. The stock has a market capitalization of $14.69 billion, a P/E 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. The firm has a 50-day simple moving average of $32.08 and a 200-day simple moving average of $32.34.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. 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 boost 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.