iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by White Pine Capital LLC

White Pine Capital LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 26.6% in the 4th quarter, Holdings Channel reports. The firm owned 89,932 shares of the company’s stock after buying an additional 18,876 shares during the period. iShares Preferred and Income Securities ETF makes up approximately 1.1% of White Pine Capital LLC’s portfolio, making the stock its 18th largest holding. White Pine Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC lifted its stake in iShares Preferred and Income Securities ETF by 45.5% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $64,000 after purchasing an additional 640 shares during the last quarter. PSI Advisors LLC lifted its stake in iShares Preferred and Income Securities ETF by 16.3% during the fourth quarter. PSI Advisors LLC now owns 2,403 shares of the company’s stock valued at $75,000 after purchasing an additional 337 shares during the last quarter. ORG Partners LLC lifted its stake in iShares Preferred and Income Securities ETF by 43.8% during the third quarter. ORG Partners LLC now owns 2,758 shares of the company’s stock valued at $83,000 after purchasing an additional 840 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in iShares Preferred and Income Securities ETF by 18.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock valued at $118,000 after purchasing an additional 584 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in iShares Preferred and Income Securities ETF by 16.3% during the fourth quarter. Financial Management Professionals Inc. now owns 5,422 shares of the company’s stock valued at $169,000 after purchasing an additional 761 shares during the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Up 0.2 %

PFF stock traded up $0.05 on Friday, hitting $31.13. 2,915,736 shares of the company’s stock traded hands, compared to its average volume of 4,773,463. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $32.66. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 3.83 and a beta of 0.51. The stock has a fifty day moving average of $31.84 and a 200-day moving average of $31.03.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1561 per share. This represents a $1.87 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Monday, April 1st.

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.