Carret Asset Management LLC Boosts Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Carret Asset Management LLC boosted its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,316 shares of the company’s stock after buying an additional 1,507 shares during the quarter. Carret Asset Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cohen & Steers Inc. raised its holdings in shares of iShares Preferred and Income Securities ETF by 8,108.7% in the fourth quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock valued at $172,830,000 after acquiring an additional 5,473,686 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Preferred and Income Securities ETF by 4.2% in the third quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock valued at $61,112,000 after acquiring an additional 81,413 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 10.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,501,951 shares of the company’s stock valued at $46,846,000 after acquiring an additional 143,949 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $28,841,000. Finally, Greenleaf Trust bought a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth about $22,619,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.68 on Thursday. The company has a market capitalization of $14.48 billion, a PE ratio of 3.91 and a beta of 0.51. The company has a 50-day simple moving average of $31.49 and a two-hundred day simple moving average of $31.64. iShares Preferred and Income Securities ETF has a one year low of $28.15 and a one year high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be issued a $0.164 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.97 dividend on an annualized basis and a yield of 6.21%.

iShares Preferred and Income Securities ETF Company 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.