Bank of Jackson Hole Trust Buys New Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Bank of Jackson Hole Trust bought a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,030 shares of the company’s stock, valued at approximately $64,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in iShares Preferred and Income Securities ETF during the fourth quarter worth $27,000. YANKCOM Partnership purchased a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at $27,000. Compass Financial Services Inc purchased a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at $34,000. Hoese & Co LLP purchased a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at $53,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at about $67,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

PFF stock opened at $31.72 on Thursday. The business has a 50-day moving average price of $31.70 and a 200 day moving average price of $32.35. The company has a market capitalization of $14.72 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.1755 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from iShares Preferred and Income Securities ETF’s previous dividend of $0.16.

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.