M&R Capital Management Inc. Acquires 700 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

M&R Capital Management Inc. boosted its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 280.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 950 shares of the company’s stock after buying an additional 700 shares during the period. M&R Capital Management Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth $27,000. Vima LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at about $40,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 45.5% in the 4th 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 in the last quarter. Capital Management Associates NY bought a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter valued at about $67,000. Finally, PSI Advisors LLC grew its position in shares of iShares Preferred and Income Securities ETF by 16.3% in the 4th quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock worth $75,000 after buying an additional 337 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.5 %

NASDAQ:PFF opened at $31.56 on Wednesday. The stock has a market capitalization 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 52 week low of $28.15 and a 52 week high of $32.66. The firm has a 50 day moving average of $31.38 and a 200 day moving average 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. Stockholders of record on Monday, June 3rd were given a dividend of $0.1634 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date 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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