Ledyard National Bank Purchases New Shares in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Ledyard National Bank acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,645 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFF. SG Americas Securities LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth $28,841,000. Greenleaf Trust acquired a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth $22,619,000. Janney Montgomery Scott LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 38.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,358,002 shares of the company’s stock worth $40,944,000 after buying an additional 375,400 shares in the last quarter. Peoples Bank KS acquired a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $4,145,000. Finally, Ameriprise Financial Inc. increased its holdings in iShares Preferred and Income Securities ETF by 4.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after purchasing an additional 81,413 shares in the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Down 0.4 %

PFF traded down $0.13 on Tuesday, reaching $31.19. The stock had a trading volume of 1,160,484 shares, compared to its average volume of 4,712,967. The firm has a 50-day moving average of $31.83 and a 200-day moving average of $31.07. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.15 and a fifty-two week high of $32.66. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 3.83 and a beta of 0.51.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1561 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.87 dividend on an annualized basis and a dividend yield of 6.01%.

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.