Graetz Wealth LLC Invests $1.62 Million in iShares Preferred and Income Securities ETF $PFF

Graetz Wealth LLC purchased a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,427 shares of the company’s stock, valued at approximately $1,623,000. iShares Preferred and Income Securities ETF makes up 1.5% of Graetz Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,747,061 shares of the company’s stock worth $54,089,000 after purchasing an additional 46,907 shares in the last quarter. Greenleaf Trust grew its stake in shares of iShares Preferred and Income Securities ETF by 5.5% in the fourth quarter. Greenleaf Trust now owns 1,208,436 shares of the company’s stock worth $37,413,000 after purchasing an additional 63,063 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 1.4% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 763,604 shares of the company’s stock worth $23,641,000 after purchasing an additional 10,895 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 6.9% in the third quarter. NewEdge Advisors LLC now owns 384,072 shares of the company’s stock worth $12,144,000 after purchasing an additional 24,761 shares in the last quarter. Finally, Florida Trust Wealth Management Co grew its stake in shares of iShares Preferred and Income Securities ETF by 1.9% in the fourth quarter. Florida Trust Wealth Management Co now owns 350,731 shares of the company’s stock worth $10,859,000 after purchasing an additional 6,578 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF opened at $31.02 on Friday. iShares Preferred and Income Securities ETF has a 1 year low of $30.07 and a 1 year high of $32.26. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. The business has a fifty day moving average of $31.20 and a 200-day moving average of $31.21.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.1384 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 5.4%.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).