636,280 Shares in iShares Preferred and Income Securities ETF (NASDAQ:PFF) Acquired by SVB Wealth LLC

SVB Wealth LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 636,280 shares of the company’s stock, valued at approximately $20,005,000.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $27,000. YANKCOM Partnership acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth approximately $27,000. Compass Financial Services Inc bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at $34,000. Hoese & Co LLP acquired a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter valued at $53,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $67,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Up 0.4 %

Shares of NASDAQ PFF opened at $31.85 on Friday. The stock’s fifty day simple moving average is $31.68 and its 200 day simple moving average is $32.36. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1755 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from iShares Preferred and Income Securities ETF’s previous dividend of $0.16.

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.