iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC raised its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 9.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,140 shares of the company’s stock after purchasing an additional 550 shares during the period. Wellington Shields & Co. LLC’s holdings in iShares Preferred and Income Securities ETF were worth $189,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of iShares Preferred and Income Securities ETF by 4,002.9% during the 1st quarter. GAMMA Investing LLC now owns 5,901,020 shares of the company’s stock valued at $192,028,000 after acquiring an additional 5,757,195 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Preferred and Income Securities ETF by 42.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,071,639 shares of the company’s stock valued at $65,132,000 after acquiring an additional 617,709 shares in the last quarter. Greenleaf Trust raised its position in shares of iShares Preferred and Income Securities ETF by 4.8% during the 1st quarter. Greenleaf Trust now owns 1,137,401 shares of the company’s stock valued at $34,952,000 after acquiring an additional 52,105 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of iShares Preferred and Income Securities ETF by 1.7% during the 4th quarter. Baird Financial Group Inc. now owns 858,762 shares of the company’s stock valued at $26,999,000 after acquiring an additional 14,180 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its position in shares of iShares Preferred and Income Securities ETF by 1.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 738,196 shares of the company’s stock valued at $23,209,000 after acquiring an additional 12,008 shares in the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Down 0.2%

PFF stock opened at $31.17 on Thursday. The firm has a market cap of $14.14 billion, a P/E ratio of 3.71 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12-month low of $28.70 and a 12-month high of $33.59. The stock’s 50 day simple moving average is $30.65 and its 200 day simple moving average is $30.79.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were given a dividend of $0.1737 per share. This is a positive change from iShares Preferred and Income Securities ETF’s previous dividend of $0.17. The ex-dividend date was Tuesday, July 1st.

iShares Preferred and Income Securities ETF 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.