Parkside Investments LLC Has $13.64 Million Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Parkside Investments LLC increased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,799 shares of the company’s stock after purchasing an additional 31,609 shares during the period. iShares Preferred and Income Securities ETF makes up about 2.1% of Parkside Investments LLC’s portfolio, making the stock its 8th biggest holding. Parkside Investments LLC owned approximately 0.09% of iShares Preferred and Income Securities ETF worth $13,639,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in iShares Preferred and Income Securities ETF by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after purchasing an additional 491,005 shares during the period. Hilton Capital Management LLC increased its stake in iShares Preferred and Income Securities ETF by 19.9% in the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after acquiring an additional 239,661 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in iShares Preferred and Income Securities ETF during the third quarter valued at approximately $4,669,000. Janney Montgomery Scott LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after purchasing an additional 104,770 shares in the last quarter. Finally, Graypoint LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 82.2% in the 4th quarter. Graypoint LLC now owns 186,246 shares of the company’s stock valued at $5,856,000 after purchasing an additional 84,051 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.3 %

Shares of PFF stock opened at $32.08 on Monday. iShares Preferred and Income Securities ETF has a twelve month low of $30.56 and a twelve month high of $33.59. The business has a fifty day simple moving average of $32.00 and a 200 day simple moving average of $32.36. The company has a market cap of $14.85 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend and a dividend yield of 6.61%.

iShares Preferred and Income Securities ETF 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.