Murphy & Mullick Capital Management Corp Makes New Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Murphy & Mullick Capital Management Corp bought a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,385 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds have also recently made changes to their positions in the stock. SVB Wealth LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $20,005,000. JPMorgan Chase & Co. boosted its holdings in shares of iShares Preferred and Income Securities ETF by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after purchasing an additional 491,005 shares during the period. SBI Securities Co. Ltd. purchased a new position in iShares Preferred and Income Securities ETF during the 4th quarter worth $11,581,000. Kentucky Trust Co bought a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at $5,477,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of iShares Preferred and Income Securities ETF by 110.8% in the 4th quarter. Jones Financial Companies Lllp now owns 231,504 shares of the company’s stock worth $7,278,000 after buying an additional 121,683 shares during the period. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.7 %

Shares of iShares Preferred and Income Securities ETF stock opened at $31.10 on Thursday. The stock’s fifty day moving average price is $31.57 and its 200-day moving average price is $32.24. The firm has a market cap of $14.43 billion, a P/E ratio of 3.86 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.1731 dividend. 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.