iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stake Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,825 shares of the company’s stock after buying an additional 5,843 shares during the period. GAMMA Investing LLC’s holdings in iShares Preferred and Income Securities ETF were worth $4,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PFF. BNP Paribas Financial Markets acquired a new position in iShares Preferred and Income Securities ETF in the 3rd quarter valued at approximately $67,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter worth $330,000. Bank of New York Mellon Corp raised its holdings in shares of iShares Preferred and Income Securities ETF by 29.5% during the second quarter. Bank of New York Mellon Corp now owns 76,516 shares of the company’s stock worth $2,414,000 after acquiring an additional 17,453 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at $174,000. Finally, Greenwich Wealth Management LLC grew its stake in iShares Preferred and Income Securities ETF by 10.2% in the second quarter. Greenwich Wealth Management LLC now owns 7,697 shares of the company’s stock valued at $243,000 after purchasing an additional 715 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 Price Performance

PFF opened at $31.82 on Friday. The company has a market capitalization of $14.79 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The business has a 50-day moving average of $32.38 and a 200-day moving average of $32.34.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.1767 per share. This represents a $2.12 annualized dividend and a yield of 6.66%. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.