iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stock Position Boosted by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lifted its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 20.9% in the second quarter, Holdings Channel.com reports. The firm owned 12,140 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in iShares Preferred and Income Securities ETF were worth $381,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PFF. Arkadios Wealth Advisors lifted its holdings 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 in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in iShares Preferred and Income Securities ETF by 3.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 26,711 shares of the company’s stock valued at $833,000 after buying an additional 884 shares in the last quarter. SOL Capital Management CO increased its position in 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 worth $2,419,000 after purchasing an additional 64,500 shares in the last quarter. Harbor Investment Advisory LLC increased its position in 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 worth $424,000 after purchasing an additional 920 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in 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 worth $127,000 after acquiring an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ:PFF traded down $0.45 during trading on Monday, reaching $31.18. The stock had a trading volume of 7,441,648 shares, compared to its average volume of 4,232,782. The stock has a market cap of $14.15 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’s fifty day moving average is $31.64 and its 200 day moving average is $31.71.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Thursday, August 1st will be issued a $0.1606 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.93 annualized dividend and a dividend yield of 6.18%.

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.