iShares Preferred and Income Securities ETF $PFF Shares Purchased by Keynote Financial Services LLC

Keynote Financial Services LLC lifted its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 160.9% in the 4th quarter, Holdings Channel reports. The firm owned 45,620 shares of the company’s stock after purchasing an additional 28,132 shares during the quarter. Keynote Financial Services LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PFF. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at about $33,000. Payden & Rygel acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $61,000. Resources Management Corp CT ADV acquired a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter valued at about $80,000. WFA of San Diego LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter valued at about $83,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.2%

Shares of NASDAQ PFF opened at $31.07 on Friday. iShares Preferred and Income Securities ETF has a 52 week low of $30.07 and a 52 week high of $32.26. The firm has a 50-day moving average price of $31.21 and a 200 day moving average price of $31.21. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.1384 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).