Providence First Trust Co Purchases 16,547 Shares of iShares Preferred and Income Securities ETF $PFF

Providence First Trust Co boosted its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 47.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,535 shares of the company’s stock after purchasing an additional 16,547 shares during the quarter. Providence First Trust Co’s holdings in iShares Preferred and Income Securities ETF were worth $1,596,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. North Star Investment Management Corp. raised its stake in shares of iShares Preferred and Income Securities ETF by 2.1% in the fourth quarter. North Star Investment Management Corp. now owns 26,719 shares of the company’s stock valued at $827,000 after acquiring an additional 542 shares during the period. Canandaigua National Trust Co of Florida lifted its stake in iShares Preferred and Income Securities ETF by 7.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 26,389 shares of the company’s stock worth $817,000 after purchasing an additional 1,791 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its position in shares of iShares Preferred and Income Securities ETF by 46.3% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 93,768 shares of the company’s stock valued at $2,903,000 after buying an additional 29,663 shares during the period. Kickstand Ventures LLC. boosted its position in shares of iShares Preferred and Income Securities ETF by 4.8% during the fourth quarter. Kickstand Ventures LLC. now owns 12,428 shares of the company’s stock valued at $385,000 after buying an additional 571 shares during the period. Finally, High Point Wealth Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $296,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ PFF opened at $31.45 on Wednesday. iShares Preferred and Income Securities ETF has a fifty-two week low of $29.86 and a fifty-two week high of $32.26. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. The business’s 50 day moving average price is $31.00 and its 200-day moving average price is $31.18.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st will be given a $0.1403 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, May 1st.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).