Price Capital Management Inc. Takes Position in iShares Preferred and Income Securities ETF $PFF

Price Capital Management Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 102,480 shares of the company’s stock, valued at approximately $3,240,000. iShares Preferred and Income Securities ETF comprises about 3.8% of Price Capital Management Inc.’s holdings, making the stock its 6th biggest position.

Other large investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its position in iShares Preferred and Income Securities ETF by 38.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 14,580 shares of the company’s stock valued at $461,000 after acquiring an additional 4,020 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the third quarter worth $3,416,000. Fortis Group Advisors LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 15.6% during the third quarter. Fortis Group Advisors LLC now owns 47,173 shares of the company’s stock valued at $1,473,000 after purchasing an additional 6,355 shares during the period. Wellington Shields Capital Management LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 44.9% in the third quarter. Wellington Shields Capital Management LLC now owns 5,938 shares of the company’s stock worth $188,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Wellington Shields & Co. LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 18.4% in the third quarter. Wellington Shields & Co. LLC now owns 7,675 shares of the company’s stock worth $243,000 after purchasing an additional 1,195 shares during the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

PFF stock opened at $31.70 on Monday. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $32.26. The firm’s 50-day moving average is $31.46 and its 200 day moving average is $31.40. The company has a market capitalization of $14.13 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1772 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, February 2nd.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).