JPMorgan Chase & Co. Boosts Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

JPMorgan Chase & Co. raised its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 51.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,453,930 shares of the company’s stock after buying an additional 491,005 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of iShares Preferred and Income Securities ETF worth $48,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in iShares Preferred and Income Securities ETF by 29.5% during the second quarter. Bank of New York Mellon Corp now owns 76,516 shares of the company’s stock valued at $2,414,000 after purchasing an additional 17,453 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 1,175.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 19,134 shares of the company’s stock valued at $604,000 after acquiring an additional 17,634 shares during the last quarter. HCR Wealth Advisors boosted its holdings in shares of iShares Preferred and Income Securities ETF by 3.7% in the 2nd quarter. HCR Wealth Advisors now owns 42,130 shares of the company’s stock worth $1,329,000 after purchasing an additional 1,508 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in iShares Preferred and Income Securities ETF by 5.5% during the second quarter. Ashton Thomas Private Wealth LLC now owns 39,060 shares of the company’s stock worth $1,232,000 after buying an additional 2,026 shares during the period. Finally, Dorsey & Whitney Trust CO LLC bought a new position in iShares Preferred and Income Securities ETF during the 2nd quarter valued at about $330,000. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $32.05 on Friday. The company has a market cap of $14.74 billion, a P/E ratio of 3.91 and a beta of 0.51. The firm has a 50-day simple moving average of $32.36 and a two-hundred day simple moving average of $32.34. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.1767 dividend. This represents a $2.12 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend was Wednesday, December 18th. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.