Parkside Investments LLC Increases Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Parkside Investments LLC raised its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 448,230 shares of the company’s stock after buying an additional 14,431 shares during the period. iShares Preferred and Income Securities ETF comprises approximately 2.0% of Parkside Investments LLC’s holdings, making the stock its 10th largest holding. Parkside Investments LLC owned about 0.10% of iShares Preferred and Income Securities ETF worth $13,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PFF. Golden State Wealth Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth $27,000. Mainstream Capital Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth $34,000. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth $35,000. Synergy Investment Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth $51,000. Finally, Bank of Jackson Hole Trust acquired a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth $64,000. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.2%

Shares of iShares Preferred and Income Securities ETF stock opened at $30.34 on Friday. The company has a market capitalization of $13.79 billion, a PE ratio of 3.71 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $33.59. The stock’s fifty day simple moving average is $30.01 and its 200 day simple moving average is $31.05.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were paid a dividend of $0.1746 per share. This represents a $2.09 annualized dividend and a yield of 6.90%. The ex-dividend date was Monday, June 2nd. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.