GAMMA Investing LLC Makes New Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

GAMMA Investing LLC purchased a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,078 shares of the company’s stock, valued at approximately $808,000.

Other large investors have also bought and sold shares of the company. Madison Park Capital Advisors LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the first quarter valued at approximately $205,000. VERITY Wealth Advisors increased its stake in shares of iShares Preferred and Income Securities ETF by 108.4% during the first quarter. VERITY Wealth Advisors now owns 18,378 shares of the company’s stock valued at $592,000 after buying an additional 9,558 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of iShares Preferred and Income Securities ETF by 10.2% during the first quarter. ST Germain D J Co. Inc. now owns 78,760 shares of the company’s stock valued at $2,538,000 after buying an additional 7,316 shares during the period. M&R Capital Management Inc. increased its stake in shares of iShares Preferred and Income Securities ETF by 280.0% during the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock valued at $31,000 after buying an additional 700 shares during the period. Finally, Fisher Asset Management LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $310,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.5 %

Shares of PFF stock opened at $31.56 on Thursday. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The business’s fifty day moving average is $31.39 and its 200 day moving average is $31.58. iShares Preferred and Income Securities ETF has a twelve month low of $28.15 and a twelve month high of $32.66.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a $0.1634 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.96 annualized dividend and a yield of 6.21%.

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.