Allen Mooney & Barnes Investment Advisors LLC Grows Stock Position 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% in the first quarter, HoldingsChannel reports. 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA grew its holdings in iShares Preferred and Income Securities ETF by 1.2% in the 4th quarter. Private Trust Co. NA now owns 40,312 shares of the company’s stock worth $1,267,000 after acquiring an additional 478 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 0.4% during the first quarter. Parallel Advisors LLC now owns 118,869 shares of the company’s stock worth $3,653,000 after purchasing an additional 497 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 8.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 9,480 shares of the company’s stock worth $298,000 after purchasing an additional 752 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 2.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 32,543 shares of the company’s stock worth $1,023,000 after purchasing an additional 772 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in iShares Preferred and Income Securities ETF during the 4th quarter valued at about $27,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

PFF opened at $30.41 on Thursday. The business has a 50 day simple moving average of $29.98 and a two-hundred day simple moving average of $31.07. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 3.71 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $28.70 and a one year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

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

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.