iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by ORG Partners LLC

ORG Partners LLC grew its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 47.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,056 shares of the company’s stock after acquiring an additional 1,298 shares during the period. ORG Partners LLC’s holdings in iShares Preferred and Income Securities ETF were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PFF. Fairfield Bush & CO. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 1st quarter valued at $152,000. Baird Financial Group Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 1.6% during the 1st quarter. Baird Financial Group Inc. now owns 796,440 shares of the company’s stock valued at $29,006,000 after buying an additional 12,581 shares during the period. Laurel Wealth Advisors Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 2.2% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 28,765 shares of the company’s stock valued at $1,048,000 after buying an additional 622 shares during the period. Worth Asset Management LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 1st quarter valued at $564,000. Finally, SS&H Financial Advisors Inc. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 1st quarter valued at $4,462,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Down 0.7 %

Shares of NASDAQ PFF opened at $31.25 on Monday. iShares Preferred and Income Securities ETF has a 52-week low of $28.15 and a 52-week high of $32.66. The firm has a fifty day moving average of $32.01 and a 200-day moving average of $30.94. The stock has a market capitalization of $14.56 billion, a PE ratio of 8.31 and a beta of 0.51.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.1561 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.87 dividend on an annualized basis and a yield of 6.00%.

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.