SG Americas Securities LLC Invests $9.99 Million in iShares Preferred and Income Securities ETF $PFF

SG Americas Securities LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 322,578 shares of the company’s stock, valued at approximately $9,987,000. SG Americas Securities LLC owned approximately 0.07% of iShares Preferred and Income Securities ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PFF. CX Institutional acquired a new position in iShares Preferred and Income Securities ETF during the third quarter worth $571,000. Baird Financial Group Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 6.9% in the second quarter. Baird Financial Group Inc. now owns 1,001,603 shares of the company’s stock worth $30,729,000 after buying an additional 65,031 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $748,000. SVB Wealth LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth about $2,549,000. Finally, Vigilare Wealth Management boosted its stake in shares of iShares Preferred and Income Securities ETF by 165.0% during the 3rd quarter. Vigilare Wealth Management now owns 29,558 shares of the company’s stock worth $935,000 after acquiring an additional 18,406 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ PFF opened at $30.16 on Monday. The business’s 50-day simple moving average is $31.32 and its 200-day simple moving average is $31.31. iShares Preferred and Income Securities ETF has a 52 week low of $28.70 and a 52 week high of $32.26. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0312 per share. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, March 2nd.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).