Vantage Wealth Boosts Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Vantage Wealth increased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 283,450 shares of the company’s stock after buying an additional 17,250 shares during the period. iShares Preferred and Income Securities ETF accounts for approximately 1.9% of Vantage Wealth’s portfolio, making the stock its 24th largest holding. Vantage Wealth’s holdings in iShares Preferred and Income Securities ETF were worth $8,912,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in PFF. JPMorgan Chase & Co. boosted its position in shares of iShares Preferred and Income Securities ETF by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after purchasing an additional 491,005 shares during the period. Hilton Capital Management LLC boosted its position in iShares Preferred and Income Securities ETF by 19.9% in the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares during the period. Canandaigua National Bank & Trust Co. purchased a new position in iShares Preferred and Income Securities ETF in the 3rd quarter valued at approximately $4,669,000. Janney Montgomery Scott LLC boosted its position in iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock valued at $48,695,000 after buying an additional 104,770 shares during the period. Finally, Graypoint LLC boosted its position in iShares Preferred and Income Securities ETF by 82.2% in the 4th quarter. Graypoint LLC now owns 186,246 shares of the company’s stock valued at $5,856,000 after buying an additional 84,051 shares during the period. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.3 %

Shares of PFF stock opened at $32.08 on Friday. iShares Preferred and Income Securities ETF has a 52 week low of $30.56 and a 52 week high of $33.59. The stock has a market capitalization of $14.85 billion, a PE ratio of 3.91 and a beta of 0.51. The firm has a 50 day moving average of $32.00 and a two-hundred day moving average of $32.35.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.1767 dividend. This represents a $2.12 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

iShares Preferred and Income Securities ETF Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding PFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Preferred and Income Securities ETF (NASDAQ:PFFFree Report).

Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Receive News & Ratings for iShares Preferred and Income Securities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Preferred and Income Securities ETF and related companies with MarketBeat.com's FREE daily email newsletter.