2,650 Shares in iShares Preferred and Income Securities ETF (NASDAQ:PFF) Purchased by Kieckhefer Group LLC

Kieckhefer Group LLC bought a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,650 shares of the company’s stock, valued at approximately $83,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFF. First PREMIER Bank acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at $53,000. BNP Paribas Financial Markets bought a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at about $67,000. Eastern Bank acquired a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $71,000. Bogart Wealth LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 13.3% during the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after buying an additional 471 shares during the last quarter. Finally, Zions Bancorporation N.A. bought a new position in iShares Preferred and Income Securities ETF in the second quarter valued at approximately $174,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock traded down $0.18 during trading hours on Monday, reaching $30.90. The company had a trading volume of 2,170,409 shares, compared to its average volume of 4,623,472. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59. The company has a 50 day moving average of $32.23 and a 200 day moving average of $32.35. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. The ex-dividend date of this dividend 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 yield of 6.86%.

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.