Osher Van de Voorde Investment Management Buys Shares of 238,425 iShares Preferred and Income Securities ETF (NASDAQ:PFF)
Osher Van de Voorde Investment Management bought a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 238,425 shares of the company’s stock, valued at approximately $7,189,000. iShares Preferred and Income Securities ETF makes up approximately 1.8% of Osher Van de Voorde Investment Management’s holdings, making the stock its 25th largest holding. Osher Van de Voorde Investment Management owned approximately 0.06% of iShares Preferred and Income Securities ETF at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its position in iShares Preferred and Income Securities ETF by 271.4% during the second quarter. EverSource Wealth Advisors LLC now owns 895 shares of the company’s stock worth $28,000 after acquiring an additional 654 shares during the last quarter. VitalStone Financial LLC acquired a new stake in iShares Preferred and Income Securities ETF during the second quarter worth approximately $51,000. Fairfield Bush & CO. acquired a new stake in iShares Preferred and Income Securities ETF during the second quarter worth approximately $123,000. Finally, Union Savings Bank acquired a new stake in iShares Preferred and Income Securities ETF during the second quarter worth approximately $125,000. 4.28% of the stock is owned by hedge funds and other institutional investors.
iShares Preferred and Income Securities ETF Stock Performance
NASDAQ PFF traded down $0.12 during mid-day trading on Friday, reaching $31.05. 7,332,462 shares of the stock were exchanged, compared to its average volume of 3,963,281. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $33.90. The business’s fifty day simple moving average is $29.71 and its 200 day simple moving average is $30.24. The stock has a market capitalization of $13.00 billion, a PE ratio of 8.31 and a beta of 0.51.
iShares Preferred and Income Securities ETF Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 15th will be given a dividend of $0.1927 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.31 dividend on an annualized basis and a yield of 7.45%.
iShares Preferred and Income Securities ETF Company 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.
Further Reading
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