Kentucky Trust Co Makes New $5.48 Million Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Kentucky Trust Co bought a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 174,207 shares of the company’s stock, valued at approximately $5,477,000. iShares Preferred and Income Securities ETF makes up approximately 3.2% of Kentucky Trust Co’s portfolio, making the stock its 6th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised 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 valued at $48,314,000 after acquiring an additional 491,005 shares during the last quarter. Hilton Capital Management LLC boosted its position in iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock worth $48,009,000 after purchasing an additional 239,661 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $3,755,000. Janney Montgomery Scott LLC lifted its stake in iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after buying an additional 104,770 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at $3,258,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $31.61 on Wednesday. The company has a market cap of $14.67 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The company has a 50-day simple moving average of $31.82 and a 200-day simple moving average of $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

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

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.