Fifth Third Securities Inc. Increases Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Fifth Third Securities Inc. raised its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 106,752 shares of the company’s stock after buying an additional 7,285 shares during the period. Fifth Third Securities Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $3,356,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PFF. Massmutual Trust Co. FSB ADV increased its position in iShares Preferred and Income Securities ETF by 17.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 164,422 shares of the company’s stock worth $5,464,000 after purchasing an additional 24,231 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $4,669,000. Red Spruce Capital LLC boosted its stake in iShares Preferred and Income Securities ETF by 14.1% during the 3rd quarter. Red Spruce Capital LLC now owns 23,348 shares of the company’s stock valued at $776,000 after purchasing an additional 2,891 shares during the period. GAMMA Investing LLC raised its position in shares of iShares Preferred and Income Securities ETF by 144.3% during the 3rd quarter. GAMMA Investing LLC now owns 137,982 shares of the company’s stock worth $4,585,000 after buying an additional 81,500 shares in the last quarter. Finally, Bath Savings Trust Co raised its holdings in shares of iShares Preferred and Income Securities ETF by 9.1% in the 3rd quarter. Bath Savings Trust Co now owns 53,432 shares of the company’s stock worth $1,776,000 after purchasing an additional 4,436 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $32.10 on Friday. The firm’s 50 day simple moving average is $31.98 and its 200-day simple moving average is $32.36. The company has a market cap of $14.86 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1767 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.60%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Wednesday, December 18th.

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.