Duncan Williams Asset Management LLC Takes Position in iShares Preferred and Income Securities ETF $PFF

Duncan Williams Asset Management LLC purchased a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,857 shares of the company’s stock, valued at approximately $364,000.

Several other large investors also recently bought and sold shares of PFF. Citizens National Bank Trust Department acquired a new stake in shares of iShares Preferred and Income Securities ETF during the first quarter worth about $31,000. Rossby Financial LCC purchased a new position in iShares Preferred and Income Securities ETF during the 1st quarter worth approximately $46,000. Golden State Wealth Management LLC increased its position in iShares Preferred and Income Securities ETF by 98.8% during the first quarter. Golden State Wealth Management LLC now owns 1,690 shares of the company’s stock worth $52,000 after buying an additional 840 shares during the period. Pandora Wealth Inc. purchased a new stake in iShares Preferred and Income Securities ETF in the first quarter valued at approximately $77,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of iShares Preferred and Income Securities ETF by 32.3% in the first quarter. Westside Investment Management Inc. now owns 3,253 shares of the company’s stock valued at $100,000 after acquiring an additional 795 shares during the period. Institutional investors and hedge funds 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 $31.79 on Tuesday. The firm’s fifty day simple moving average is $31.61 and its 200-day simple moving average is $30.79. The stock has a market capitalization of $14.78 billion, a price-to-earnings 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 $33.58.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a $0.1707 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Wednesday, October 1st.

iShares Preferred and Income Securities ETF 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.