iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 42.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,071,639 shares of the company’s stock after purchasing an additional 617,709 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Preferred and Income Securities ETF were worth $65,132,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Private Trust Co. NA lifted its stake in iShares Preferred and Income Securities ETF by 1.2% in the 4th quarter. Private Trust Co. NA now owns 40,312 shares of the company’s stock valued at $1,267,000 after buying an additional 478 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 8.2% in the third quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock worth $209,000 after acquiring an additional 484 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 0.8% during the third quarter. Integrated Wealth Concepts LLC now owns 65,845 shares of the company’s stock valued at $2,188,000 after acquiring an additional 493 shares during the last quarter. AdvisorNet Financial Inc increased its position in iShares Preferred and Income Securities ETF by 11.6% during the 4th quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock worth $214,000 after purchasing an additional 705 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in iShares Preferred and Income Securities ETF by 8.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,480 shares of the company’s stock worth $298,000 after purchasing an additional 752 shares in the last quarter. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Trading Down 1.9 %

NASDAQ:PFF opened at $29.42 on Friday. iShares Preferred and Income Securities ETF has a 12-month low of $29.22 and a 12-month high of $33.59. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 3.65 and a beta of 0.55. The company’s 50-day moving average is $31.37 and its two-hundred day moving average is $32.13.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a dividend of $0.1725 per share. This represents a $2.07 annualized dividend and a dividend yield of 7.04%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.