First Merchants Corp Has $366,000 Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

First Merchants Corp decreased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,648 shares of the company’s stock after selling 450 shares during the period. First Merchants Corp’s holdings in iShares Preferred and Income Securities ETF were worth $366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $27,000. Compass Financial Services Inc acquired a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $34,000. Hoese & Co LLP bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at $53,000. Finally, BNP Paribas Financial Markets acquired a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $67,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Up 0.3 %

Shares of NASDAQ:PFF opened at $31.80 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 fifty day simple moving average is $31.76 and its two-hundred day simple moving average is $32.35. The stock has a market cap of $14.76 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1755 per share. The ex-dividend date was Monday, February 3rd. This is an increase 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.