Creative Financial Designs Inc. ADV Purchases 9,280 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Creative Financial Designs Inc. ADV lifted its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 237.3% in the 4th quarter, Holdings Channel reports. The fund owned 13,190 shares of the company’s stock after acquiring an additional 9,280 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in iShares Preferred and Income Securities ETF were worth $415,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at $20,005,000. JPMorgan Chase & Co. boosted its stake in iShares Preferred and Income Securities ETF by 51.0% during the 3rd 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at $11,581,000. Hilton Capital Management LLC boosted its stake in iShares Preferred and Income Securities ETF by 19.9% during the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after purchasing an additional 239,661 shares during the last quarter. Finally, Kentucky Trust Co purchased a new stake in iShares Preferred and Income Securities ETF during the 4th quarter valued at $5,477,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.2 %

Shares of PFF opened at $31.20 on Wednesday. The business’s fifty day simple moving average is $31.58 and its two-hundred day simple moving average is $32.28. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 3.86 and a beta of 0.60.

iShares Preferred and Income Securities ETF Cuts Dividend

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