Segall Bryant & Hamill LLC Makes New $366,000 Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Segall Bryant & Hamill LLC acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,635 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds have also recently modified their holdings of PFF. JPMorgan Chase & Co. grew its holdings in shares of iShares Preferred and Income Securities ETF by 51.0% in the third 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 in the last quarter. BNP Paribas Financial Markets purchased a new position in iShares Preferred and Income Securities ETF in the third quarter worth $67,000. HCR Wealth Advisors grew its stake in iShares Preferred and Income Securities ETF by 1.9% in the 4th quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock valued at $1,343,000 after purchasing an additional 800 shares during the period. AdvisorNet Financial Inc increased its position in shares of iShares Preferred and Income Securities ETF by 11.6% during the 4th quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock valued at $214,000 after purchasing an additional 705 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 2.4% during the 4th quarter. Crestwood Advisors Group LLC now owns 32,543 shares of the company’s stock worth $1,023,000 after purchasing an additional 772 shares during the period. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF opened at $30.85 on Friday. 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 firm has a 50-day moving average of $31.54 and a 200 day moving average of $32.22. The firm has a market cap of $14.31 billion, a P/E ratio of 3.86 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1731 per share. The ex-dividend date of this dividend was 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.