Allen Mooney & Barnes Investment Advisors LLC Raises Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Allen Mooney & Barnes Investment Advisors LLC increased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,278 shares of the company’s stock after purchasing an additional 1,036 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in iShares Preferred and Income Securities ETF by 4,002.9% during the first quarter. GAMMA Investing LLC now owns 5,901,020 shares of the company’s stock valued at $192,028,000 after purchasing an additional 5,757,195 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Preferred and Income Securities ETF by 42.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,071,639 shares of the company’s stock valued at $65,132,000 after purchasing an additional 617,709 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of iShares Preferred and Income Securities ETF by 1.7% during the 4th quarter. Baird Financial Group Inc. now owns 858,762 shares of the company’s stock valued at $26,999,000 after buying an additional 14,180 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 1.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 738,196 shares of the company’s stock valued at $23,209,000 after buying an additional 12,008 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $20,005,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $30.41 on Thursday. iShares Preferred and Income Securities ETF has a one year low of $28.70 and a one year high of $33.59. The firm’s 50 day simple moving average is $29.98 and its two-hundred day simple moving average is $31.07. The stock has a market capitalization of $13.82 billion, a P/E ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a $0.1746 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Monday, June 2nd. This represents a $2.09 dividend on an annualized basis and a dividend yield of 6.89%.

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.