Graypoint LLC Raises Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Graypoint LLC lifted its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 82.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 186,246 shares of the company’s stock after buying an additional 84,051 shares during the period. Graypoint LLC’s holdings in iShares Preferred and Income Securities ETF were worth $5,856,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 8.6% in the 4th quarter. Fortitude Family Office LLC now owns 10,751 shares of the company’s stock worth $338,000 after buying an additional 851 shares during the last quarter. Canandaigua National Trust Co of Florida grew its stake in iShares Preferred and Income Securities ETF by 11.8% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 66,683 shares of the company’s stock valued at $2,097,000 after purchasing an additional 7,014 shares during the period. Canandaigua National Bank & Trust Co. raised its stake in shares of iShares Preferred and Income Securities ETF by 0.6% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 141,360 shares of the company’s stock worth $4,444,000 after purchasing an additional 864 shares during the period. GAMMA Investing LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 4.2% in the 4th quarter. GAMMA Investing LLC now owns 143,825 shares of the company’s stock worth $4,522,000 after buying an additional 5,843 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in iShares Preferred and Income Securities ETF by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after buying an additional 491,005 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF stock traded down $0.41 during mid-day trading on Friday, hitting $31.08. The company had a trading volume of 5,496,029 shares, compared to its average volume of 5,055,610. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The stock’s fifty day moving average price is $32.26 and its two-hundred day moving average price is $32.34. The firm has a market cap of $14.42 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1767 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.