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

HCR Wealth Advisors lifted its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,710 shares of the company’s stock after buying an additional 800 shares during the quarter. HCR Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $1,343,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First PREMIER Bank bought a new stake in iShares Preferred and Income Securities ETF in the third quarter valued at approximately $53,000. BNP Paribas Financial Markets acquired a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter valued at $67,000. Eastern Bank bought a new position in iShares Preferred and Income Securities ETF during the third quarter worth $71,000. Kieckhefer Group LLC bought a new position in iShares Preferred and Income Securities ETF during the fourth quarter worth $83,000. Finally, Bogart Wealth LLC increased its holdings in shares of iShares Preferred and Income Securities ETF by 13.3% in the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after purchasing an additional 471 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF opened at $31.71 on Thursday. The stock has a market cap of $14.69 billion, a PE ratio of 3.91 and a beta of 0.51. The firm has a 50-day moving average of $32.14 and a 200-day moving average of $32.34. 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 disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.1767 per share. The ex-dividend date was Wednesday, December 18th. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend and a yield of 6.69%.

iShares Preferred and Income Securities ETF 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.