Hoese & Co LLP Takes $53,000 Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Hoese & Co LLP acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,700 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds have also recently made changes to their positions in PFF. First Interstate Bank boosted its holdings in iShares Preferred and Income Securities ETF by 0.6% during the 3rd quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock valued at $54,870,000 after acquiring an additional 10,148 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 7.7% in the third quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after purchasing an additional 104,770 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares Preferred and Income Securities ETF by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after buying an additional 491,005 shares during the period. Hilton Capital Management LLC lifted its holdings in iShares Preferred and Income Securities ETF by 19.9% during the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock worth $48,009,000 after buying an additional 239,661 shares in the last quarter. Finally, Greenleaf Trust boosted its position in iShares Preferred and Income Securities ETF by 4.4% in the 3rd quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock valued at $34,373,000 after buying an additional 43,619 shares during the period. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.2 %

NASDAQ:PFF opened at $31.75 on Tuesday. iShares Preferred and Income Securities ETF has a 52 week low of $30.56 and a 52 week high of $33.59. The company has a fifty day simple moving average of $32.05 and a two-hundred day simple moving average of $32.35. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. This represents a $2.12 annualized dividend and a yield of 6.68%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Wednesday, December 18th.

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.