368,349 Shares in iShares Preferred and Income Securities ETF (NASDAQ:PFF) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 4th quarter, Holdings Channel.com reports. The fund acquired 368,349 shares of the company’s stock, valued at approximately $11,581,000.

Other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership acquired a new position in iShares Preferred and Income Securities ETF during the fourth quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $27,000. Compass Financial Services Inc bought a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at approximately $34,000. Hoese & Co LLP acquired a new stake in iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $53,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth $64,000. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ:PFF opened at $31.85 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 company has a market capitalization of $14.83 billion, a PE ratio of 3.95 and a beta of 0.60. The company has a fifty day moving average of $31.68 and a 200-day moving average of $32.37.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1755 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from iShares Preferred and Income Securities ETF’s previous dividend of $0.16.

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.