Carret Asset Management LLC Makes New $650,000 Investment in iShares Preferred and Income Securities ETF $PFF

Carret Asset Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 22,022 shares of the company’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PFF. Roxbury Financial LLC increased its position in iShares Preferred and Income Securities ETF by 2,833.3% during the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after buying an additional 1,360 shares in the last quarter. NBH Bank acquired a new stake in iShares Preferred and Income Securities ETF in the second quarter worth about $46,000. First Bancorp Inc ME acquired a new stake in iShares Preferred and Income Securities ETF in the second quarter worth about $47,000. Payden & Rygel acquired a new stake in iShares Preferred and Income Securities ETF in the third quarter worth about $50,000. Finally, Ascentis Independent Advisors acquired a new stake in iShares Preferred and Income Securities ETF in the first quarter worth about $59,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock opened at $28.60 on Tuesday. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.06 and a fifty-two week high of $32.02. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 3.71 and a beta of 0.55. The stock’s 50-day simple moving average is $29.39 and its 200-day simple moving average is $30.60.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.1761 dividend. This represents a $2.11 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, November 2nd. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594.

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. 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).