Strategic Investment Solutions Inc. IL Makes New $35,000 Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Strategic Investment Solutions Inc. IL purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,131 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors have also made changes to their positions in the stock. YANKCOM Partnership bought a new position in iShares Preferred and Income Securities ETF during the 4th quarter worth $27,000. Golden State Wealth Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth $27,000. Compass Financial Services Inc acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $34,000. Mainstream Capital Management LLC acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $34,000. Finally, Synergy Investment Management LLC acquired a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth about $51,000. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.8 %

PFF stock opened at $29.53 on Friday. The company’s 50-day moving average price is $30.83 and its two-hundred day moving average price is $31.83. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $33.59. The firm has a market cap of $13.55 billion, a P/E ratio of 3.65 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1725 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.07 annualized dividend and a yield of 7.01%.

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.