Financial Management Professionals Inc. Has $208,000 Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Financial Management Professionals Inc. lifted its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 18.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,445 shares of the company’s stock after purchasing an additional 1,023 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its holdings in iShares Preferred and Income Securities ETF by 5.6% in the 1st quarter. Atlantic Union Bankshares Corp now owns 18,982 shares of the company’s stock valued at $612,000 after purchasing an additional 1,000 shares during the period. Future Financial Wealth Managment LLC bought a new stake in iShares Preferred and Income Securities ETF in the 1st quarter valued at $56,000. AdvisorNet Financial Inc lifted its holdings in shares of iShares Preferred and Income Securities ETF by 11.4% during the 1st quarter. AdvisorNet Financial Inc now owns 3,938 shares of the company’s stock worth $127,000 after acquiring an additional 404 shares during the period. Red Spruce Capital LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 9.7% during the 1st quarter. Red Spruce Capital LLC now owns 19,387 shares of the company’s stock worth $625,000 after acquiring an additional 1,721 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of iShares Preferred and Income Securities ETF by 4.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 122,396 shares of the company’s stock worth $3,945,000 after acquiring an additional 4,722 shares during the period. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF opened at $31.55 on Friday. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The company has a 50-day moving average of $31.48 and a 200-day moving average of $31.63. iShares Preferred and Income Securities ETF has a 52 week low of $28.15 and a 52 week high of $32.66.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were given a dividend of $0.1634 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Monday, June 3rd.

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.