Burke & Herbert Bank & Trust Co. Has $3.52 Million Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Burke & Herbert Bank & Trust Co. increased its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 111,887 shares of the company’s stock after buying an additional 1,855 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in iShares Preferred and Income Securities ETF were worth $3,518,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PFF. Madison Park Capital Advisors LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter worth approximately $201,000. Whittier Trust Co. of Nevada Inc. grew its holdings in iShares Preferred and Income Securities ETF by 114.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 14,620 shares of the company’s stock worth $486,000 after buying an additional 7,794 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in iShares Preferred and Income Securities ETF by 2.6% during the third quarter. Fortis Group Advisors LLC now owns 76,246 shares of the company’s stock worth $2,534,000 after buying an additional 1,953 shares in the last quarter. Vicus Capital purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter valued at $2,073,000. Finally, Eastern Bank bought a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ PFF opened at $31.80 on Monday. The company has a fifty day moving average price of $31.74 and a 200-day moving average price of $32.35. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1755 dividend. This is a positive change from iShares Preferred and Income Securities ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, February 3rd.

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.