AM Investment Strategies LLC Purchases 8,980 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

AM Investment Strategies LLC increased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 51.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,318 shares of the company’s stock after purchasing an additional 8,980 shares during the period. AM Investment Strategies LLC’s holdings in iShares Preferred and Income Securities ETF were worth $821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. PSI Advisors LLC boosted its stake in iShares Preferred and Income Securities ETF by 16.3% in the 4th quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock valued at $75,000 after buying an additional 337 shares in the last quarter. Essex Financial Services Inc. boosted its stake in iShares Preferred and Income Securities ETF by 1.4% in the 3rd quarter. Essex Financial Services Inc. now owns 39,081 shares of the company’s stock valued at $1,178,000 after buying an additional 539 shares in the last quarter. Triumph Capital Management boosted its stake in iShares Preferred and Income Securities ETF by 2.6% in the 3rd quarter. Triumph Capital Management now owns 22,937 shares of the company’s stock valued at $692,000 after buying an additional 580 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in iShares Preferred and Income Securities ETF by 18.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock valued at $118,000 after buying an additional 584 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its stake in iShares Preferred and Income Securities ETF by 45.5% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $64,000 after buying an additional 640 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.8 %

PFF stock traded down $0.26 during trading on Thursday, hitting $31.08. The company had a trading volume of 5,445,892 shares, compared to its average volume of 4,796,662. The company has a fifty day moving average price of $31.85 and a two-hundred day moving average price of $31.01. The company has a market cap of $14.24 billion, a P/E ratio of 3.83 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.15 and a fifty-two week high of $32.66.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.1561 dividend. This represents a $1.87 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Monday, April 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.