White Pine Capital LLC Purchases 12,291 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

White Pine Capital LLC raised its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,935 shares of the company’s stock after buying an additional 12,291 shares during the quarter. iShares Preferred and Income Securities ETF comprises about 1.4% of White Pine Capital LLC’s investment portfolio, making the stock its 11th biggest holding. White Pine Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth $27,000. YANKCOM Partnership bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth about $27,000. Compass Financial Services Inc bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth about $34,000. Hoese & Co LLP bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth about $53,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $67,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock opened at $31.70 on Friday. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The stock’s 50 day simple moving average is $31.78 and its two-hundred day simple moving average is $32.35. The company has a market cap of $14.71 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1755 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares Preferred and Income Securities ETF’s previous dividend of $0.16.

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.