Madison Park Capital Advisors LLC Makes New Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Madison Park Capital Advisors LLC purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 6,371 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors also recently made changes to their positions in the business. Cohen & Steers Inc. increased its position in iShares Preferred and Income Securities ETF by 8,108.7% during the fourth quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock worth $172,830,000 after purchasing an additional 5,473,686 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares Preferred and Income Securities ETF by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after buying an additional 81,413 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 10.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,501,951 shares of the company’s stock valued at $46,846,000 after purchasing an additional 143,949 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth about $28,841,000. Finally, Greenleaf Trust acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth $22,619,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.5 %

Shares of PFF traded up $0.15 during midday trading on Wednesday, reaching $31.56. 3,066,488 shares of the company were exchanged, compared to its average volume of 4,372,847. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $32.66. The stock has a 50-day moving average price of $31.38 and a 200-day moving average price of $31.58.

iShares Preferred and Income Securities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a $0.1634 dividend. This represents a $1.96 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend was Monday, June 3rd.

iShares Preferred and Income Securities ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

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