Kingswood Wealth Advisors LLC Purchases New Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Kingswood Wealth Advisors LLC bought a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,177 shares of the company’s stock, valued at approximately $411,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of iShares Preferred and Income Securities ETF by 237.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,573,393 shares of the company’s stock valued at $49,122,000 after purchasing an additional 1,107,522 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter valued at $28,841,000. Janney Montgomery Scott LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 38.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,358,002 shares of the company’s stock valued at $40,944,000 after purchasing an additional 375,400 shares in the last quarter. Pinebridge Investments L.P. bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at $10,099,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares Preferred and Income Securities ETF by 20.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,859,940 shares of the company’s stock valued at $57,963,000 after purchasing an additional 320,206 shares in the last quarter. Hedge funds and other institutional investors own 4.28% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.5 %

iShares Preferred and Income Securities ETF stock opened at $32.41 on Thursday. The company has a market capitalization of $14.32 billion, a P/E ratio of 8.31 and a beta of 0.51. The firm’s fifty day simple moving average is $31.99 and its 200-day simple moving average is $30.81. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $32.66.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were issued a dividend of $0.1703 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.31%.

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.