Jones Financial Companies Lllp Buys 121,683 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Jones Financial Companies Lllp lifted its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 110.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,504 shares of the company’s stock after buying an additional 121,683 shares during the quarter. Jones Financial Companies Lllp’s holdings in iShares Preferred and Income Securities ETF were worth $7,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PFF. SVB Wealth LLC bought a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth $20,005,000. Private Trust Co. NA grew its position in shares of iShares Preferred and Income Securities ETF by 1.2% in the 4th quarter. Private Trust Co. NA now owns 40,312 shares of the company’s stock worth $1,267,000 after buying an additional 478 shares during the period. Sterling Investment Advisors Ltd. increased its stake in shares of iShares Preferred and Income Securities ETF by 1.1% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 91,618 shares of the company’s stock worth $2,880,000 after acquiring an additional 1,020 shares in the last quarter. BankPlus Trust Department purchased a new position in iShares Preferred and Income Securities ETF during the 4th quarter valued at about $94,000. Finally, Crestwood Advisors Group LLC boosted its stake in iShares Preferred and Income Securities ETF by 2.4% during the fourth quarter. Crestwood Advisors Group LLC now owns 32,543 shares of the company’s stock worth $1,023,000 after acquiring an additional 772 shares in the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ PFF opened at $31.54 on Tuesday. The company has a 50 day simple moving average of $31.68 and a two-hundred day simple moving average of $32.37. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 3.95 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1731 per share. The ex-dividend date is Monday, March 3rd.

iShares Preferred and Income Securities ETF 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.