iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Acquired by Mount Lucas Management LP

Mount Lucas Management LP increased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,800 shares of the company’s stock after acquiring an additional 3,742 shares during the period. iShares Preferred and Income Securities ETF makes up about 0.9% of Mount Lucas Management LP’s portfolio, making the stock its 18th largest holding. Mount Lucas Management LP’s holdings in iShares Preferred and Income Securities ETF were worth $2,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Interstate Bank increased its position in shares of iShares Preferred and Income Securities ETF by 0.6% in the third quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock valued at $54,870,000 after buying an additional 10,148 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock worth $48,695,000 after acquiring an additional 104,770 shares in the last quarter. Greenleaf Trust increased its holdings in iShares Preferred and Income Securities ETF by 4.4% in the 3rd quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock worth $34,373,000 after acquiring an additional 43,619 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its position in iShares Preferred and Income Securities ETF by 3.9% during the third quarter. Jaffetilchin Investment Partners LLC now owns 726,188 shares of the company’s stock worth $24,131,000 after acquiring an additional 27,357 shares during the period. Finally, Parkside Investments LLC lifted its holdings in iShares Preferred and Income Securities ETF by 12.5% during the second quarter. Parkside Investments LLC now owns 346,428 shares of the company’s stock valued at $10,930,000 after purchasing an additional 38,461 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.1 %

Shares of NASDAQ PFF opened at $32.59 on Friday. iShares Preferred and Income Securities ETF has a 52-week low of $29.83 and a 52-week high of $33.59. The company’s 50-day simple moving average is $33.09 and its 200-day simple moving average is $32.18. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1653 dividend. This represents a $1.98 annualized dividend and a yield of 6.09%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date was Friday, November 1st.

iShares Preferred and Income Securities ETF Company 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.