iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by Carret Asset Management LLC

Carret Asset Management LLC raised its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.2% during the first quarter, Holdings Channel.com reports. The firm owned 22,316 shares of the company’s stock after purchasing an additional 1,507 shares during the quarter. Carret Asset Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $719,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. PSI Advisors LLC raised its position in iShares Preferred and Income Securities ETF by 16.3% in the 4th quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock valued at $75,000 after purchasing an additional 337 shares in the last quarter. SWS Partners raised its position in shares of iShares Preferred and Income Securities ETF by 3.1% during the 4th quarter. SWS Partners now owns 12,025 shares of the company’s stock worth $375,000 after acquiring an additional 365 shares in the last quarter. AdvisorNet Financial Inc raised its position 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 in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of iShares Preferred and Income Securities ETF by 3.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 13,304 shares of the company’s stock worth $415,000 after acquiring an additional 477 shares in the last quarter. Finally, Webster Bank N. A. raised its position in shares of iShares Preferred and Income Securities ETF by 34.8% during the 1st quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock worth $60,000 after acquiring an additional 482 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ PFF opened at $31.68 on Thursday. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.15 and a fifty-two week high of $32.66. The firm has a market capitalization of $14.48 billion, a PE ratio of 3.91 and a beta of 0.51. The stock’s 50-day simple moving average is $31.49 and its 200-day simple moving average is $31.64.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be paid a dividend of $0.164 per share. The ex-dividend date is Monday, July 1st. This represents a $1.97 dividend on an annualized basis and a yield of 6.21%.

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.