Cohen & Steers Inc. Increases Holdings in iShares Preferred and Income Securities ETF $PFF

Cohen & Steers Inc. lifted its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 12,157.0% in the fourth quarter, Holdings Channel reports. The firm owned 904,077 shares of the company’s stock after buying an additional 896,701 shares during the period. Cohen & Steers Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $27,997,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in iShares Preferred and Income Securities ETF during the third quarter worth $33,000. Payden & Rygel purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth $61,000. Resources Management Corp CT ADV purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter worth $80,000. WFA of San Diego LLC purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter worth $83,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth $85,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.2%

iShares Preferred and Income Securities ETF stock opened at $31.07 on Friday. The business has a fifty day moving average of $31.21 and a two-hundred day moving average of $31.21. The firm has a market cap of $13.78 billion, a P/E ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a twelve month low of $30.07 and a twelve month high of $32.26.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.1384 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%.

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).