Wetzel Investment Advisors Inc. Takes $1.82 Million Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Wetzel Investment Advisors Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 58,379 shares of the company’s stock, valued at approximately $1,821,000. iShares Preferred and Income Securities ETF accounts for about 1.1% of Wetzel Investment Advisors Inc.’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds have also made changes to their positions in the stock. Stonebridge Capital Advisors LLC grew its position in shares of iShares Preferred and Income Securities ETF by 13.9% during the first quarter. Stonebridge Capital Advisors LLC now owns 3,936 shares of the company’s stock worth $143,000 after buying an additional 480 shares in the last quarter. Essex Financial Services Inc. grew its position in shares of iShares Preferred and Income Securities ETF by 1.4% during the third quarter. Essex Financial Services Inc. now owns 39,081 shares of the company’s stock worth $1,178,000 after buying an additional 539 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in iShares Preferred and Income Securities ETF by 4.1% in the second quarter. Segall Bryant & Hamill LLC now owns 14,083 shares of the company’s stock worth $436,000 after purchasing an additional 550 shares during the period. Triumph Capital Management boosted its holdings in iShares Preferred and Income Securities ETF by 2.6% in the third quarter. Triumph Capital Management now owns 22,937 shares of the company’s stock worth $692,000 after purchasing an additional 580 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in iShares Preferred and Income Securities ETF by 18.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock worth $118,000 after purchasing an additional 584 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF traded up $0.18 during midday trading on Friday, hitting $30.90. 3,323,989 shares of the stock traded hands, compared to its average volume of 4,821,384. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $32.66. The firm has a market capitalization of $14.22 billion, a PE ratio of 3.83 and a beta of 0.52. The business’s 50 day moving average price is $31.93 and its two-hundred day moving average price is $30.94.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1561 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date was Monday, April 1st.

iShares Preferred and Income Securities ETF 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.