Summit Financial LLC Has $3.32 Million Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Summit Financial LLC raised its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 105,644 shares of the company’s stock after acquiring an additional 1,415 shares during the period. Summit Financial LLC’s holdings in iShares Preferred and Income Securities ETF were worth $3,321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of PFF. YANKCOM Partnership acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth approximately $27,000. Compass Financial Services Inc purchased a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth approximately $34,000. Mainstream Capital Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $34,000. Finally, Synergy Investment Management LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $51,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.4 %

NASDAQ PFF opened at $30.73 on Tuesday. The business has a fifty day simple moving average of $31.52 and a 200 day simple moving average of $32.20. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The firm has a market capitalization of $14.26 billion, a P/E ratio of 3.86 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

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

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.