iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 29.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,516 shares of the company’s stock after buying an additional 17,453 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Preferred and Income Securities ETF were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at $27,000. M&R Capital Management Inc. raised its position in iShares Preferred and Income Securities ETF by 280.0% during the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock worth $31,000 after acquiring an additional 700 shares during the last quarter. Vima LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter valued at approximately $43,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 1st quarter worth approximately $56,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Up 0.5 %

PFF opened at $33.17 on Tuesday. The firm has a market cap of $15.06 billion, a P/E ratio of 3.91 and a beta of 0.51. The business’s fifty day simple moving average is $32.01 and its 200 day simple moving average is $31.78. iShares Preferred and Income Securities ETF has a 52 week low of $28.15 and a 52 week high of $33.18.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.1632 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.