Avior Wealth Management LLC Buys 10,941 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Avior Wealth Management LLC raised its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 146.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,433 shares of the company’s stock after purchasing an additional 10,941 shares during the period. Avior Wealth Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $580,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PFF. First Interstate Bank increased its holdings in shares of iShares Preferred and Income Securities ETF by 0.6% during the third quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock worth $54,870,000 after purchasing an additional 10,148 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 6.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock worth $48,913,000 after purchasing an additional 90,356 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Preferred and Income Securities ETF by 51.0% in the third 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 raised its stake in iShares Preferred and Income Securities ETF by 19.9% in the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after purchasing an additional 239,661 shares in the last quarter. Finally, Greenleaf Trust lifted its position in iShares Preferred and Income Securities ETF by 4.4% during the third quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock worth $34,373,000 after purchasing an additional 43,619 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.3 %

PFF stock opened at $32.08 on Friday. The company’s 50-day moving average price is $32.00 and its two-hundred day moving average price is $32.36. The firm has a market cap of $14.85 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company 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. 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 6.61%. The ex-dividend date was Wednesday, December 18th.

About iShares Preferred and Income Securities ETF

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.