iShares Preferred and Income Securities ETF $PFF Shares Purchased by Keynote Financial Services LLC

Keynote Financial Services LLC increased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 160.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,620 shares of the company’s stock after purchasing an additional 28,132 shares during the period. Keynote Financial Services LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,412,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PFF. Brown Brothers Harriman & Co. acquired a new position in shares of iShares Preferred and Income Securities ETF during the third quarter worth about $33,000. Payden & Rygel acquired a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth about $61,000. Resources Management Corp CT ADV acquired a new position in shares of iShares Preferred and Income Securities ETF during the second quarter worth about $80,000. WFA of San Diego LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the second quarter worth about $83,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.2%

Shares of iShares Preferred and Income Securities ETF stock opened at $31.07 on Friday. iShares Preferred and Income Securities ETF has a 52-week low of $30.07 and a 52-week high of $32.26. The company’s 50-day simple moving average is $31.21 and its 200-day simple moving average is $31.21. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.1384 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, June 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. 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).