iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Purchased by SOL Capital Management CO

SOL Capital Management CO boosted its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,235 shares of the company’s stock after buying an additional 1,430 shares during the period. SOL Capital Management CO’s holdings in iShares Preferred and Income Securities ETF were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of 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 period. BNP Paribas Financial Markets acquired a new position in iShares Preferred and Income Securities ETF during the third quarter worth $67,000. HCR Wealth Advisors increased its stake in iShares Preferred and Income Securities ETF by 1.9% during the 4th quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock worth $1,343,000 after buying an additional 800 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in shares of iShares Preferred and Income Securities ETF during the third quarter worth about $4,669,000. Finally, AdvisorNet Financial Inc lifted its holdings in iShares Preferred and Income Securities ETF by 11.6% during the 4th quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock worth $214,000 after buying an additional 705 shares during the last quarter. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.6 %

Shares of NASDAQ PFF opened at $32.10 on Friday. The stock has a 50 day moving average of $31.98 and a two-hundred day moving average of $32.36. iShares Preferred and Income Securities ETF has a twelve month low of $30.56 and a twelve month high of $33.59. The stock has a market cap of $14.86 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.1767 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Wednesday, December 18th.

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.