iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Purchased by Continuum Advisory LLC

Continuum Advisory LLC raised its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 98.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,696 shares of the company’s stock after purchasing an additional 6,285 shares during the quarter. Continuum Advisory LLC’s holdings in iShares Preferred and Income Securities ETF were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PFF. Harbor Investment Advisory LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 13.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 15,787 shares of the company’s stock valued at $496,000 after buying an additional 1,815 shares in the last quarter. Janney Capital Management LLC lifted its holdings in iShares Preferred and Income Securities ETF by 2.8% in the fourth quarter. Janney Capital Management LLC now owns 57,848 shares of the company’s stock valued at $1,819,000 after acquiring an additional 1,564 shares during the period. Redmont Wealth Advisors LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 2.5% during the 4th quarter. Redmont Wealth Advisors LLC now owns 129,554 shares of the company’s stock worth $4,073,000 after purchasing an additional 3,195 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 6.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock worth $48,913,000 after purchasing an additional 90,356 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 146.0% during the 4th quarter. Avior Wealth Management LLC now owns 18,433 shares of the company’s stock worth $580,000 after purchasing an additional 10,941 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 1.5%

Shares of PFF opened at $30.00 on Thursday. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $33.59. The company has a 50-day simple moving average of $30.19 and a 200-day simple moving average of $31.33. The company has a market capitalization of $13.54 billion, a PE ratio of 3.74 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were given a dividend of $0.1741 per share. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.09 annualized dividend and a yield of 6.97%. The ex-dividend date was Thursday, May 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.