Fortitude Family Office LLC Boosts Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Fortitude Family Office LLC grew its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,751 shares of the company’s stock after purchasing an additional 851 shares during the period. Fortitude Family Office LLC’s holdings in iShares Preferred and Income Securities ETF were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PFF. First PREMIER Bank purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter valued at about $53,000. BNP Paribas Financial Markets bought a new stake in iShares Preferred and Income Securities ETF during the third quarter worth $67,000. Eastern Bank purchased a new position in iShares Preferred and Income Securities ETF in the third quarter worth $71,000. Bogart Wealth LLC increased its position in shares of iShares Preferred and Income Securities ETF by 13.3% during the 3rd quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after purchasing an additional 471 shares during the last quarter. Finally, Zions Bancorporation N.A. bought a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth $174,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

PFF opened at $31.49 on Friday. The firm has a 50-day moving average of $32.26 and a 200 day moving average of $32.34. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The firm has a market cap of $14.61 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1767 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend and a dividend yield of 6.73%.

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.