Douglass Winthrop Advisors LLC Purchases 2,500 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Douglass Winthrop Advisors LLC lifted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Douglass Winthrop Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFF. SVB Wealth LLC bought a new stake in iShares Preferred and Income Securities ETF in the fourth quarter valued at $20,005,000. JPMorgan Chase & Co. increased its position in iShares Preferred and Income Securities ETF by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after buying an additional 491,005 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $11,581,000. Kentucky Trust Co bought a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth approximately $5,477,000. Finally, Jones Financial Companies Lllp grew its stake in iShares Preferred and Income Securities ETF by 110.8% in the fourth quarter. Jones Financial Companies Lllp now owns 231,504 shares of the company’s stock valued at $7,278,000 after acquiring an additional 121,683 shares during the period. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Down 0.0 %

Shares of PFF stock opened at $31.31 on Friday. The firm has a fifty day simple moving average of $31.57 and a two-hundred day simple moving average of $32.26. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The firm has a market capitalization of $14.50 billion, a PE ratio of 3.86 and a beta of 0.60.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1731 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.