Sterling Investment Advisors Ltd. Has $2.88 Million Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Sterling Investment Advisors Ltd. grew its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,618 shares of the company’s stock after acquiring an additional 1,020 shares during the period. Sterling Investment Advisors Ltd.’s holdings in iShares Preferred and Income Securities ETF were worth $2,880,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $27,000. Compass Financial Services Inc bought a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $34,000. Hoese & Co LLP bought a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $53,000. Finally, Bank of Jackson Hole Trust bought a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $64,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $31.69 on Tuesday. The firm has a market capitalization of $14.70 billion, a P/E ratio of 3.91 and a beta of 0.51. The stock has a 50 day moving average price of $31.68 and a two-hundred day moving average price of $32.36. 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 Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1755 dividend. The ex-dividend date 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.