Cary Street Partners Asset Management LLC Buys Shares of 17,241 iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Cary Street Partners Asset Management LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,241 shares of the company’s stock, valued at approximately $538,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its holdings in iShares Preferred and Income Securities ETF by 509.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 22,100 shares of the company’s stock worth $689,000 after acquiring an additional 18,471 shares during the last quarter. Penobscot Investment Management Company Inc. raised its stake in iShares Preferred and Income Securities ETF by 23.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 17,050 shares of the company’s stock valued at $532,000 after buying an additional 3,200 shares during the last quarter. Ledyard National Bank purchased a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at $238,000. Transcend Capital Advisors LLC raised its stake in iShares Preferred and Income Securities ETF by 58.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 49,418 shares of the company’s stock valued at $1,541,000 after buying an additional 18,164 shares during the last quarter. Finally, White Pine Capital LLC raised its stake in iShares Preferred and Income Securities ETF by 26.6% during the 4th quarter. White Pine Capital LLC now owns 89,932 shares of the company’s stock valued at $2,805,000 after buying an additional 18,876 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.6 %

Shares of PFF opened at $31.14 on Thursday. The firm has a market cap of $14.26 billion, a PE ratio of 3.83 and a beta of 0.51. The firm has a fifty day simple moving average of $31.80 and a two-hundred day simple moving average of $31.08. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.1596 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Wednesday, May 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.