EverSource Wealth Advisors LLC Acquires Shares of 2,462 iShares Preferred and Income Securities ETF (NASDAQ:PFF)

EverSource Wealth Advisors LLC acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,462 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds also recently bought and sold shares of the business. Avior Wealth Management LLC raised its holdings in iShares Preferred and Income Securities ETF by 5.5% in the 3rd quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock valued at $249,000 after acquiring an additional 390 shares during the last quarter. Private Trust Co. NA raised its holdings 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 acquiring an additional 478 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 8.2% in the 3rd quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock valued at $209,000 after buying an additional 484 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 0.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 65,845 shares of the company’s stock valued at $2,188,000 after buying an additional 493 shares during the period. Finally, L.M. Kohn & Company grew its stake in shares of iShares Preferred and Income Securities ETF by 4.6% in the 3rd quarter. L.M. Kohn & Company now owns 11,643 shares of the company’s stock valued at $387,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $31.20 on Wednesday. The firm has a 50 day simple moving average of $31.58 and a 200-day simple moving average of $32.28. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 3.86 and a beta of 0.60.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1731 dividend. The ex-dividend date was Monday, March 3rd.

iShares Preferred and Income Securities ETF Company 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.