Yorktown Management & Research Co Inc Makes New Investment in iShares Preferred and Income Securities ETF $PFF

Yorktown Management & Research Co Inc bought a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 65,000 shares of the company’s stock, valued at approximately $2,055,000. iShares Preferred and Income Securities ETF comprises 1.6% of Yorktown Management & Research Co Inc’s holdings, making the stock its 5th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corsicana & Co. acquired a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $29,000. 1620 Investment Advisors Inc. acquired a new position in iShares Preferred and Income Securities ETF during the third quarter valued at approximately $44,000. Resources Management Corp CT ADV bought a new position in shares of iShares Preferred and Income Securities ETF in the second quarter valued at approximately $80,000. WFA of San Diego LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the second quarter valued at approximately $83,000. Finally, Wellington Shields Capital Management LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 14.1% in the second quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock worth $126,000 after buying an additional 505 shares during the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.1%

NASDAQ PFF opened at $31.78 on Friday. iShares Preferred and Income Securities ETF has a 1 year low of $28.70 and a 1 year high of $32.28. The company has a fifty day simple moving average of $31.06 and a 200 day simple moving average of $31.31. The company has a market cap of $14.26 billion, a P/E ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.0659 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 19th.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).