iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,555,758 shares of the company’s stock after acquiring an additional 90,356 shares during the period. Janney Montgomery Scott LLC owned approximately 0.34% of iShares Preferred and Income Securities ETF worth $48,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PFF. First PREMIER Bank purchased a new position in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $53,000. Hoese & Co LLP acquired a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at approximately $53,000. BNP Paribas Financial Markets purchased a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at $67,000. Eastern Bank acquired a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter worth $71,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth $83,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF opened at $31.99 on Friday. The firm’s fifty day moving average is $32.03 and its two-hundred day moving average is $32.35. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1767 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.63%.

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.