iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by Mathes Company Inc.

Mathes Company Inc. grew its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,850 shares of the company’s stock after purchasing an additional 2,300 shares during the quarter. Mathes Company Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Keynote Financial Services LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the 1st quarter valued at $480,000. Parkside Investments LLC increased its stake in iShares Preferred and Income Securities ETF by 12.5% in the 2nd quarter. Parkside Investments LLC now owns 346,428 shares of the company’s stock valued at $10,930,000 after buying an additional 38,461 shares during the period. Fifth Third Securities Inc. increased its stake in iShares Preferred and Income Securities ETF by 22.7% in the 2nd quarter. Fifth Third Securities Inc. now owns 94,935 shares of the company’s stock valued at $2,995,000 after buying an additional 17,559 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new position in iShares Preferred and Income Securities ETF in the 2nd quarter valued at $330,000. Finally, Hudson Valley Investment Advisors Inc. ADV increased its stake in iShares Preferred and Income Securities ETF by 20.9% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 12,140 shares of the company’s stock valued at $381,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $32.54 on Friday. The company’s fifty day moving average is $32.99 and its two-hundred day moving average is $32.05. The stock has a market capitalization of $15.13 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $29.15 and a 1 year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be given a dividend of $0.1653 per share. This represents a $1.98 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Friday, November 1st. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.