Compass Financial Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 142,205 shares of the company’s stock, valued at approximately $4,351,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in iShares Preferred and Income Securities ETF in the third quarter worth about $33,000. Roxbury Financial LLC increased its position in shares of iShares Preferred and Income Securities ETF by 2,833.3% during the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after purchasing an additional 1,360 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of iShares Preferred and Income Securities ETF by 36.6% during the 1st quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock valued at $49,000 after purchasing an additional 431 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of iShares Preferred and Income Securities ETF in the 1st quarter worth approximately $59,000. Finally, Payden & Rygel bought a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $61,000. 4.70% of the stock is owned by institutional investors.
iShares Preferred and Income Securities ETF Trading Up 0.0%
PFF opened at $30.46 on Friday. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. The company’s 50 day moving average is $30.58 and its 200 day moving average is $30.97. iShares Preferred and Income Securities ETF has a 12-month low of $30.10 and a 12-month high of $32.26.
iShares Preferred and Income Securities ETF Increases Dividend
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).
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