Thurston Springer Miller Herd & Titak Inc. Makes New $43,000 Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,365 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors also recently bought and sold shares of PFF. PSI Advisors LLC increased its position in iShares Preferred and Income Securities ETF by 16.3% in the 4th quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock valued at $75,000 after acquiring an additional 337 shares during the period. SWS Partners increased its position in iShares Preferred and Income Securities ETF by 3.1% during the 4th quarter. SWS Partners now owns 12,025 shares of the company’s stock worth $375,000 after purchasing an additional 365 shares during the period. AdvisorNet Financial Inc increased its position in iShares Preferred and Income Securities ETF by 11.4% during the 1st quarter. AdvisorNet Financial Inc now owns 3,938 shares of the company’s stock worth $127,000 after purchasing an additional 404 shares during the period. Nations Financial Group Inc. IA ADV increased its position in iShares Preferred and Income Securities ETF by 3.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 13,304 shares of the company’s stock worth $415,000 after purchasing an additional 477 shares during the period. Finally, Webster Bank N. A. increased its position in iShares Preferred and Income Securities ETF by 34.8% during the 1st quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock worth $60,000 after purchasing an additional 482 shares during the period. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ PFF traded up $0.15 on Tuesday, hitting $31.33. 4,740,075 shares of the company’s stock were exchanged, compared to its average volume of 4,235,086. The firm’s 50-day moving average price is $31.63 and its two-hundred day moving average price is $31.71. The firm has a market cap of $14.22 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.15 and a fifty-two week high of $32.66.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.1606 per share. This represents a $1.93 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Thursday, August 1st.

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.