Fortitude Family Office LLC Has $338,000 Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Fortitude Family Office LLC lifted its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,751 shares of the company’s stock after acquiring an additional 851 shares during the quarter. Fortitude Family Office LLC’s holdings in iShares Preferred and Income Securities ETF were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. First PREMIER Bank bought a new position in iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $53,000. BNP Paribas Financial Markets bought a new position in iShares Preferred and Income Securities ETF during the third quarter worth $67,000. Eastern Bank bought a new stake in iShares Preferred and Income Securities ETF during the third quarter valued at $71,000. Bogart Wealth LLC grew its holdings in iShares Preferred and Income Securities ETF by 13.3% during the 3rd quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after acquiring an additional 471 shares during the period. Finally, Zions Bancorporation N.A. bought a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth about $174,000. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.49 on Friday. The stock’s 50-day moving average is $32.26 and its 200 day moving average is $32.34. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1767 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 annualized dividend and a dividend yield of 6.73%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

About iShares Preferred and Income Securities ETF

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.