iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stake Raised by Ariadne Wealth Management LP

Ariadne Wealth Management LP grew its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,776 shares of the company’s stock after purchasing an additional 4,873 shares during the period. iShares Preferred and Income Securities ETF makes up 1.1% of Ariadne Wealth Management LP’s portfolio, making the stock its 22nd biggest holding. Ariadne Wealth Management LP’s holdings in iShares Preferred and Income Securities ETF were worth $2,271,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth $27,000. YANKCOM Partnership purchased a new position in iShares Preferred and Income Securities ETF in the 4th quarter worth about $27,000. Compass Financial Services Inc acquired a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth about $34,000. Mainstream Capital Management LLC purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter valued at about $34,000. Finally, Synergy Investment Management LLC purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $31.37 on Tuesday. The company has a market cap of $14.56 billion, a P/E ratio of 3.86 and a beta of 0.51. 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’s 50 day simple moving average is $31.58 and its 200-day simple moving average is $32.25.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1731 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.