Valley Wealth Managers Inc. Purchases 4,323 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Valley Wealth Managers Inc. lifted its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 24.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,252 shares of the company’s stock after purchasing an additional 4,323 shares during the quarter. Valley Wealth Managers Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $700,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth about $27,000. YANKCOM Partnership purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth about $27,000. Compass Financial Services Inc purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth about $34,000. Hoese & Co LLP purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth about $53,000. Finally, BNP Paribas Financial Markets purchased a new position in iShares Preferred and Income Securities ETF in the third quarter worth about $67,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.2 %

PFF opened at $31.74 on Wednesday. The firm has a market cap of $14.73 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. The stock has a 50-day moving average of $31.73 and a 200 day moving average of $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

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

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.