Wellington Shields & Co. LLC Boosts Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Wellington Shields & Co. LLC raised its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,590 shares of the company’s stock after purchasing an additional 850 shares during the period. Wellington Shields & Co. LLC’s holdings in iShares Preferred and Income Securities ETF were worth $176,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PFF. EverSource Wealth Advisors LLC purchased a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $77,000. Mount Lucas Management LP grew its stake in iShares Preferred and Income Securities ETF by 2.2% during the fourth quarter. Mount Lucas Management LP now owns 84,626 shares of the company’s stock valued at $2,661,000 after acquiring an additional 1,826 shares in the last quarter. Ethos Financial Group LLC grew its stake in iShares Preferred and Income Securities ETF by 30.2% during the fourth quarter. Ethos Financial Group LLC now owns 20,272 shares of the company’s stock valued at $637,000 after acquiring an additional 4,700 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $34,000. Finally, Synergy Investment Management LLC purchased a new position in iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.12 on Friday. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The firm has a market cap of $14.44 billion, a PE ratio of 3.95 and a beta of 0.51. The company has a 50 day simple moving average of $31.60 and a two-hundred day simple moving average of $32.30.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1731 per share. The ex-dividend date was Monday, March 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.