Graypoint LLC Has $5.86 Million Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Graypoint LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 82.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,246 shares of the company’s stock after acquiring an additional 84,051 shares during the quarter. Graypoint LLC’s holdings in iShares Preferred and Income Securities ETF were worth $5,856,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. First PREMIER Bank acquired a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter worth about $53,000. BNP Paribas Financial Markets bought a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at $67,000. Eastern Bank acquired a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at $71,000. Bogart Wealth LLC grew its holdings in iShares Preferred and Income Securities ETF by 13.3% in the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after purchasing an additional 471 shares during the period. Finally, Zions Bancorporation N.A. acquired a new position in shares of iShares Preferred and Income Securities ETF during the second quarter valued at about $174,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF traded down $0.41 during trading hours on Friday, hitting $31.08. The stock had a trading volume of 5,496,029 shares, compared to its average volume of 5,055,610. The firm has a 50 day simple moving average of $32.26 and a 200-day simple moving average of $32.34. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59. The firm has a market capitalization of $14.42 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1767 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.82%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th.

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.