BankPlus Trust Department Buys New Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

BankPlus Trust Department bought a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the company’s stock, valued at approximately $94,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PFF. Carret Asset Management LLC raised its position in shares of iShares Preferred and Income Securities ETF by 4.4% in the third quarter. Carret Asset Management LLC now owns 22,894 shares of the company’s stock worth $761,000 after acquiring an additional 959 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of iShares Preferred and Income Securities ETF by 3.6% in the third quarter. Rosenberg Matthew Hamilton now owns 27,149 shares of the company’s stock worth $902,000 after acquiring an additional 950 shares during the period. Farther Finance Advisors LLC raised its position in shares of iShares Preferred and Income Securities ETF by 69.5% in the third quarter. Farther Finance Advisors LLC now owns 27,974 shares of the company’s stock worth $930,000 after acquiring an additional 11,468 shares during the period. Mathes Company Inc. raised its position in shares of iShares Preferred and Income Securities ETF by 4.3% in the third quarter. Mathes Company Inc. now owns 55,850 shares of the company’s stock worth $1,856,000 after acquiring an additional 2,300 shares during the period. Finally, First Interstate Bank raised its position in shares of iShares Preferred and Income Securities ETF by 0.6% in the third quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock worth $54,870,000 after acquiring an additional 10,148 shares during the period. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.69 on Tuesday. The firm has a 50-day simple moving average of $31.68 and a two-hundred day simple moving average of $32.36. The company has a market cap of $14.70 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1755 dividend. 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.

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.