Hudson Edge Investment Partners Inc. Makes New Investment in iShares Preferred and Income Securities ETF $PFF

Hudson Edge Investment Partners Inc. acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,431 shares of the company’s stock, valued at approximately $529,000.

A number of other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 2.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,747,061 shares of the company’s stock worth $54,089,000 after purchasing an additional 46,907 shares during the period. Greenleaf Trust grew its position in iShares Preferred and Income Securities ETF by 5.5% during the fourth quarter. Greenleaf Trust now owns 1,208,436 shares of the company’s stock valued at $37,413,000 after buying an additional 63,063 shares during the period. Cohen & Steers Inc. grew its position in iShares Preferred and Income Securities ETF by 12,157.0% during the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after buying an additional 896,701 shares during the period. Jaffetilchin Investment Partners LLC increased its holdings in iShares Preferred and Income Securities ETF by 1.4% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 763,604 shares of the company’s stock worth $23,641,000 after buying an additional 10,895 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in iShares Preferred and Income Securities ETF by 6.9% during the fourth quarter. NewEdge Advisors LLC now owns 410,553 shares of the company’s stock worth $12,711,000 after buying an additional 26,481 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock opened at $30.48 on Friday. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 52 week low of $30.10 and a 52 week high of $32.26. The firm’s 50-day simple moving average is $31.15 and its two-hundred day simple moving average is $31.20.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be issued a $0.1417 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).