Strategic Investment Solutions Inc. IL Purchases Shares of 1,131 iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Strategic Investment Solutions Inc. IL acquired a new position in shares of 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 fund acquired 1,131 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in iShares Preferred and Income Securities ETF by 42.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,071,639 shares of the company’s stock worth $65,132,000 after purchasing an additional 617,709 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 6.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock worth $48,913,000 after buying an additional 90,356 shares during the period. Greenleaf Trust grew its stake in iShares Preferred and Income Securities ETF by 4.9% in the 4th quarter. Greenleaf Trust now owns 1,085,296 shares of the company’s stock valued at $34,122,000 after buying an additional 50,885 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in iShares Preferred and Income Securities ETF by 1.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 738,196 shares of the company’s stock valued at $23,209,000 after acquiring an additional 12,008 shares during the period. Finally, SVB Wealth LLC acquired a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $20,005,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.8 %

iShares Preferred and Income Securities ETF stock opened at $29.53 on Friday. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 3.65 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $33.59. The stock’s 50 day moving average is $30.83 and its 200-day moving average is $31.83.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a $0.1725 dividend. This represents a $2.07 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date was Tuesday, April 1st.

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.