Vantage Wealth Buys 17,250 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Vantage Wealth grew its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 283,450 shares of the company’s stock after acquiring an additional 17,250 shares during the period. iShares Preferred and Income Securities ETF comprises approximately 1.9% of Vantage Wealth’s investment portfolio, making the stock its 24th biggest holding. Vantage Wealth owned approximately 0.06% of iShares Preferred and Income Securities ETF worth $8,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings 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 valued at $48,314,000 after buying an additional 491,005 shares during the period. Hilton Capital Management LLC increased its holdings in iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares during the period. Canandaigua National Bank & Trust Co. purchased a new position in iShares Preferred and Income Securities ETF during the third quarter valued at approximately $4,669,000. Janney Montgomery Scott LLC increased its holdings in iShares Preferred and Income Securities ETF by 7.7% during the third quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after buying an additional 104,770 shares during the period. Finally, Graypoint LLC grew its holdings in iShares Preferred and Income Securities ETF by 82.2% in the fourth quarter. Graypoint LLC now owns 186,246 shares of the company’s stock worth $5,856,000 after purchasing an additional 84,051 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.3 %

NASDAQ PFF opened at $32.08 on Friday. The firm’s fifty day simple moving average is $32.00 and its two-hundred day simple moving average is $32.35. The firm has a market capitalization of $14.85 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12-month low of $30.56 and a 12-month high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders 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 represents a $2.12 dividend on an annualized basis and a dividend yield of 6.61%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

iShares Preferred and Income Securities ETF Company 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.