Kentucky Trust Co Makes New Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Kentucky Trust Co acquired a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 174,207 shares of the company’s stock, valued at approximately $5,477,000. iShares Preferred and Income Securities ETF comprises about 3.2% of Kentucky Trust Co’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC purchased a new position in iShares Preferred and Income Securities ETF during the third quarter valued at $290,000. NBC Securities Inc. increased its position in shares of iShares Preferred and Income Securities ETF by 1.4% during the third quarter. NBC Securities Inc. now owns 56,582 shares of the company’s stock worth $1,880,000 after acquiring an additional 758 shares during the period. Madison Park Capital Advisors LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $201,000. Whittier Trust Co. of Nevada Inc. increased its holdings in iShares Preferred and Income Securities ETF by 114.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 14,620 shares of the company’s stock valued at $486,000 after buying an additional 7,794 shares during the period. Finally, Fortis Group Advisors LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 2.6% during the 3rd quarter. Fortis Group Advisors LLC now owns 76,246 shares of the company’s stock worth $2,534,000 after acquiring an additional 1,953 shares in the last quarter. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Down 0.1 %

PFF opened at $31.61 on Wednesday. The firm’s 50-day moving average price is $31.82 and its 200-day moving average price is $32.36. The company has a market cap of $14.67 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

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