HCR Wealth Advisors Has $1.34 Million Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

HCR Wealth Advisors lifted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,710 shares of the company’s stock after acquiring an additional 800 shares during the period. HCR Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $1,343,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its holdings in iShares Preferred and Income Securities ETF by 13.5% in the 4th quarter. Rosenberg Matthew Hamilton now owns 30,809 shares of the company’s stock valued at $969,000 after purchasing an additional 3,660 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of iShares Preferred and Income Securities ETF by 11.6% in the fourth quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock valued at $214,000 after buying an additional 705 shares during the period. Kieckhefer Group LLC acquired a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $83,000. Graypoint LLC increased its stake in iShares Preferred and Income Securities ETF by 82.2% during the 4th quarter. Graypoint LLC now owns 186,246 shares of the company’s stock worth $5,856,000 after acquiring an additional 84,051 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in iShares Preferred and Income Securities ETF by 8.6% in the 4th quarter. Fortitude Family Office LLC now owns 10,751 shares of the company’s stock valued at $338,000 after acquiring an additional 851 shares in the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF opened at $31.71 on Thursday. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The stock has a fifty day moving average price of $32.14 and a 200-day moving average price of $32.34.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.1767 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 annualized dividend and a yield of 6.69%.

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.