Hudson Edge Investment Partners Inc. Invests $529,000 in iShares Preferred and Income Securities ETF $PFF

Hudson Edge Investment Partners Inc. purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 17,431 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,747,061 shares of the company’s stock worth $54,089,000 after buying an additional 46,907 shares in the last quarter. Greenleaf Trust increased its holdings in iShares Preferred and Income Securities ETF by 5.5% during the 4th quarter. Greenleaf Trust now owns 1,208,436 shares of the company’s stock worth $37,413,000 after acquiring an additional 63,063 shares during the period. Cohen & Steers Inc. increased its holdings in iShares Preferred and Income Securities ETF by 12,157.0% during the 4th quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock worth $27,997,000 after acquiring an additional 896,701 shares during the period. Jaffetilchin Investment Partners LLC lifted its stake in iShares Preferred and Income Securities ETF by 1.4% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 763,604 shares of the company’s stock worth $23,641,000 after purchasing an additional 10,895 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in iShares Preferred and Income Securities ETF by 6.9% in the 4th quarter. NewEdge Advisors LLC now owns 410,553 shares of the company’s stock worth $12,711,000 after purchasing an additional 26,481 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $30.48 on Friday. The firm has a fifty day moving average price of $31.15 and a two-hundred day moving average price of $31.20. iShares Preferred and Income Securities ETF has a one year low of $30.10 and a one year high of $32.26. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be given a $0.1417 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. The ex-dividend date is Wednesday, July 1st.

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).