Mainstream Capital Management LLC Takes Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Mainstream Capital Management LLC bought a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,093 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of iShares Preferred and Income Securities ETF by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after buying an additional 491,005 shares during the period. BNP Paribas Financial Markets purchased a new position in iShares Preferred and Income Securities ETF during the third quarter valued at approximately $67,000. HCR Wealth Advisors boosted its position in shares of iShares Preferred and Income Securities ETF by 1.9% in the fourth quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock worth $1,343,000 after purchasing an additional 800 shares during the period. AdvisorNet Financial Inc increased its stake in shares of iShares Preferred and Income Securities ETF by 11.6% in the fourth quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock worth $214,000 after purchasing an additional 705 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its position in shares of iShares Preferred and Income Securities ETF by 2.4% during the 4th quarter. Crestwood Advisors Group LLC now owns 32,543 shares of the company’s stock valued at $1,023,000 after purchasing an additional 772 shares during the period. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.32 on Wednesday. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The company has a market capitalization of $14.53 billion, a P/E ratio of 3.95 and a beta of 0.51. The company has a fifty day moving average of $31.68 and a 200 day moving average of $32.37.

iShares Preferred and Income Securities ETF Cuts Dividend

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