White Pine Capital LLC Raises Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

White Pine Capital LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 26.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,932 shares of the company’s stock after purchasing an additional 18,876 shares during the period. iShares Preferred and Income Securities ETF comprises approximately 1.1% of White Pine Capital LLC’s holdings, making the stock its 18th biggest holding. White Pine Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,805,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. grew its stake in iShares Preferred and Income Securities ETF by 4.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after acquiring an additional 81,413 shares during the period. Janney Montgomery Scott LLC grew its stake in iShares Preferred and Income Securities ETF by 38.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,358,002 shares of the company’s stock worth $40,944,000 after acquiring an additional 375,400 shares during the period. SG Americas Securities LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $28,841,000. Greenleaf Trust purchased a new stake in iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $22,619,000. Finally, Osher Van de Voorde Investment Management grew its stake in iShares Preferred and Income Securities ETF by 21.2% in the 4th quarter. Osher Van de Voorde Investment Management now owns 288,950 shares of the company’s stock worth $9,012,000 after acquiring an additional 50,525 shares during the period. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

PFF stock traded up $0.05 during midday trading on Friday, hitting $31.13. The stock had a trading volume of 2,915,736 shares, compared to its average volume of 4,773,463. The firm has a market cap of $14.26 billion, a PE ratio of 3.83 and a beta of 0.51. The company’s 50-day moving average price is $31.84 and its 200 day moving average price is $31.03. iShares Preferred and Income Securities ETF has a 12-month low of $28.15 and a 12-month high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.1561 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.87 dividend on an annualized basis and a dividend yield of 6.02%.

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.