GAMMA Investing LLC Purchases 31,404 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

GAMMA Investing LLC grew its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 125.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,482 shares of the company’s stock after acquiring an additional 31,404 shares during the quarter. GAMMA Investing LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its position in shares of iShares Preferred and Income Securities ETF by 115.9% during the 4th quarter. Arkadios Wealth Advisors now owns 21,919 shares of the company’s stock valued at $684,000 after purchasing an additional 11,767 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of iShares Preferred and Income Securities ETF by 3.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 26,711 shares of the company’s stock valued at $833,000 after purchasing an additional 884 shares during the last quarter. SOL Capital Management CO increased its position in shares of iShares Preferred and Income Securities ETF by 494.1% during the 4th quarter. SOL Capital Management CO now owns 77,555 shares of the company’s stock valued at $2,419,000 after purchasing an additional 64,500 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of iShares Preferred and Income Securities ETF by 7.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 13,587 shares of the company’s stock valued at $424,000 after purchasing an additional 920 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of iShares Preferred and Income Securities ETF by 47.1% during the 4th quarter. ORG Partners LLC now owns 4,056 shares of the company’s stock valued at $127,000 after purchasing an additional 1,298 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.1 %

Shares of NASDAQ PFF traded down $0.02 during trading hours on Friday, hitting $31.63. 5,526,773 shares of the company traded hands, compared to its average volume of 4,211,067. The company’s 50 day moving average price is $31.64 and its 200 day moving average price is $31.71. iShares Preferred and Income Securities ETF has a 12 month low of $28.15 and a 12 month high of $32.66. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, August 7th. Investors of record on Thursday, August 1st will be issued a dividend of $0.1606 per share. This represents a $1.93 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend is Thursday, August 1st.

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.