MassMutual Private Wealth & Trust FSB Buys 5,230 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

MassMutual Private Wealth & Trust FSB increased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 169,652 shares of the company’s stock after acquiring an additional 5,230 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in iShares Preferred and Income Securities ETF were worth $5,334,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PFF. JPMorgan Chase & Co. increased its stake in 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 worth $48,314,000 after acquiring an additional 491,005 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of iShares Preferred and Income Securities ETF in the third quarter valued at $67,000. HCR Wealth Advisors increased its position in iShares Preferred and Income Securities ETF by 1.9% in the fourth quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock worth $1,343,000 after purchasing an additional 800 shares during the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in iShares Preferred and Income Securities ETF during the third quarter valued at $4,669,000. Finally, AdvisorNet Financial Inc lifted its position 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 during the last quarter. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.75 on Monday. The stock has a 50 day moving average price of $32.08 and a 200-day moving average price of $32.35. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.1767 dividend. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date was Wednesday, December 18th.

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.