Providence First Trust Co Boosts Position in iShares Preferred and Income Securities ETF $PFF

Providence First Trust Co raised its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 47.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,535 shares of the company’s stock after buying an additional 16,547 shares during the period. Providence First Trust Co’s holdings in iShares Preferred and Income Securities ETF were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Horizon Investments LLC purchased a new position in iShares Preferred and Income Securities ETF during the third quarter valued at approximately $10,608,000. SG Americas Securities LLC purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth $9,987,000. Oak Family Advisors LLC bought a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter valued at $4,293,000. Redmont Wealth Advisors LLC bought a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter valued at $3,416,000. Finally, Price Capital Management Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at $3,240,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.6%

PFF opened at $31.45 on Wednesday. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12 month low of $29.86 and a 12 month high of $32.26. The stock has a fifty day moving average price of $31.00 and a 200-day moving average price of $31.18.

iShares Preferred and Income Securities ETF Cuts Dividend

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

iShares Preferred and Income Securities ETF Company Profile

(Free Report)

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).

See Also

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Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

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