Jones Financial Companies Lllp Buys 121,683 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Jones Financial Companies Lllp grew its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 110.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,504 shares of the company’s stock after purchasing an additional 121,683 shares during the period. Jones Financial Companies Lllp’s holdings in iShares Preferred and Income Securities ETF were worth $7,278,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in iShares Preferred and Income Securities ETF by 69.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,974 shares of the company’s stock valued at $930,000 after buying an additional 11,468 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 7.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after acquiring an additional 104,770 shares during the last quarter. Crescent Grove Advisors LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 1.4% during the 3rd quarter. Crescent Grove Advisors LLC now owns 43,195 shares of the company’s stock valued at $1,435,000 after acquiring an additional 595 shares during the last quarter. Graypoint LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 20.6% in the third quarter. Graypoint LLC now owns 102,195 shares of the company’s stock valued at $3,396,000 after purchasing an additional 17,455 shares in the last quarter. Finally, WoodTrust Financial Corp bought a new stake in iShares Preferred and Income Securities ETF in the third quarter worth $303,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Down 1.0 %

iShares Preferred and Income Securities ETF stock opened at $31.54 on Tuesday. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59. The firm’s fifty day moving average is $31.68 and its 200 day moving average is $32.37. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 3.95 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.1731 per share. The ex-dividend date of this dividend is 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.