119,447 Shares in iShares Preferred and Income Securities ETF (NASDAQ:PFF) Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors bought a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 119,447 shares of the company’s stock, valued at approximately $3,755,000.

Several other institutional investors have also modified their holdings of PFF. First Interstate Bank boosted its holdings in shares of iShares Preferred and Income Securities ETF by 0.6% in the 3rd quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock valued at $54,870,000 after buying an additional 10,148 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in iShares Preferred and Income Securities ETF by 6.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock valued at $48,913,000 after buying an additional 90,356 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 491,005 shares during the period. Hilton Capital Management LLC increased 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 acquiring an additional 239,661 shares during the period. Finally, Greenleaf Trust grew its position in iShares Preferred and Income Securities ETF by 4.4% during the third quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock worth $34,373,000 after buying an additional 43,619 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ PFF traded up $0.04 during trading hours on Wednesday, hitting $32.08. 315,329 shares of the stock were exchanged, compared to its average volume of 4,333,423. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59. The company has a market cap of $14.85 billion, a PE ratio of 3.91 and a beta of 0.51. The company’s fifty day simple moving average is $31.99 and its two-hundred day simple moving average is $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.1767 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.61%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares Preferred and Income Securities ETF Company 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.