Synergy Investment Management LLC Purchases Shares of 1,625 iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Synergy Investment Management LLC purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,625 shares of the company’s stock, valued at approximately $51,000.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 69.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,974 shares of the company’s stock worth $930,000 after buying an additional 11,468 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 1.4% during the 3rd quarter. Crescent Grove Advisors LLC now owns 43,195 shares of the company’s stock worth $1,435,000 after buying an additional 595 shares during the last quarter. Graypoint LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 20.6% during the 3rd quarter. Graypoint LLC now owns 102,195 shares of the company’s stock worth $3,396,000 after buying an additional 17,455 shares during the last quarter. WoodTrust Financial Corp acquired a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth about $303,000. Finally, Lindbrook Capital LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 138.2% during the 3rd quarter. Lindbrook Capital LLC now owns 18,406 shares of the company’s stock worth $612,000 after buying an additional 10,678 shares during the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF opened at $31.32 on Wednesday. The firm has a 50-day moving average of $31.68 and a 200-day moving average of $32.37. The stock has a market cap of $14.53 billion, a PE ratio of 3.95 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be given a dividend of $0.1731 per share. The ex-dividend date is Monday, March 3rd.

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.