Wetzel Investment Advisors Inc. Purchases New Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Wetzel Investment Advisors Inc. purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 58,379 shares of the company’s stock, valued at approximately $1,821,000. iShares Preferred and Income Securities ETF comprises 1.1% of Wetzel Investment Advisors Inc.’s portfolio, making the stock its 24th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new position in iShares Preferred and Income Securities ETF in the second quarter valued at about $27,000. Sugarloaf Wealth Management LLC lifted its stake in iShares Preferred and Income Securities ETF by 45.5% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $64,000 after buying an additional 640 shares during the period. ORG Partners LLC lifted its stake in iShares Preferred and Income Securities ETF by 43.8% in the third quarter. ORG Partners LLC now owns 2,758 shares of the company’s stock valued at $83,000 after buying an additional 840 shares during the period. Creative Financial Designs Inc. ADV lifted its stake 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 valued at $118,000 after buying an additional 584 shares during the period. Finally, Fairfield Bush & CO. acquired a new position in iShares Preferred and Income Securities ETF in the second quarter valued at about $123,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF traded up $0.18 during mid-day trading on Friday, hitting $30.90. The company had a trading volume of 3,323,989 shares, compared to its average volume of 4,821,384. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.15 and a fifty-two week high of $32.66. The business’s fifty day moving average is $31.93 and its two-hundred day moving average is $30.94. The firm has a market cap of $14.22 billion, a P/E ratio of 3.83 and a beta of 0.52.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.1561 dividend. This represents a $1.87 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend 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.