Stronghold Wealth Management L.L.C. Purchases Shares of 61,852 iShares Preferred and Income Securities ETF $PFF

Stronghold Wealth Management L.L.C. purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,852 shares of the company’s stock, valued at approximately $1,915,000. iShares Preferred and Income Securities ETF makes up about 2.8% of Stronghold Wealth Management L.L.C.’s holdings, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PFF. Brown Brothers Harriman & Co. acquired a new position in iShares Preferred and Income Securities ETF in the third quarter valued at approximately $33,000. Resources Management Corp CT ADV acquired a new position in iShares Preferred and Income Securities ETF in the second quarter valued at approximately $80,000. WFA of San Diego LLC acquired a new position in iShares Preferred and Income Securities ETF in the second quarter valued at approximately $83,000. Vaughan Nelson Investment Management L.P. acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $85,000. Finally, Lodestone Wealth Management LLC acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $85,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF opened at $31.23 on Monday. The stock has a 50 day moving average price of $31.01 and a 200 day moving average price of $31.18. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 52-week low of $29.86 and a 52-week high of $32.26.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.1403 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Friday, May 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. 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).