Vima LLC Buys Shares of 1,290 iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Vima LLC acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,290 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds have also recently made changes to their positions in PFF. Brown Brothers Harriman & Co. purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth about $27,000. Sugarloaf Wealth Management LLC increased its holdings in iShares Preferred and Income Securities ETF by 45.5% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $64,000 after buying an additional 640 shares during the last quarter. Capital Management Associates NY purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $67,000. PSI Advisors LLC increased its holdings in iShares Preferred and Income Securities ETF by 16.3% during the fourth quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock valued at $75,000 after buying an additional 337 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in iShares Preferred and Income Securities ETF by 18.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock valued at $118,000 after buying an additional 584 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF traded down $0.10 during mid-day trading on Friday, reaching $31.46. The stock had a trading volume of 2,178,948 shares, compared to its average volume of 4,392,178. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $28.15 and a 12 month high of $32.66. The business has a fifty day moving average of $31.41 and a 200 day moving average of $31.55.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a $0.1634 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.23%.

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.