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

Cohen & Steers Inc. raised its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 12,157.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 904,077 shares of the company’s stock after buying an additional 896,701 shares during the period. Cohen & Steers Inc. owned about 0.20% of iShares Preferred and Income Securities ETF worth $27,997,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PFF. NewEdge Advisors LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 28.1% during the second quarter. NewEdge Advisors LLC now owns 359,311 shares of the company’s stock valued at $11,024,000 after buying an additional 78,817 shares during the period. BNP Paribas Financial Markets boosted its position in shares of iShares Preferred and Income Securities ETF by 6,632.5% during the second quarter. BNP Paribas Financial Markets now owns 5,386 shares of the company’s stock valued at $165,000 after buying an additional 5,306 shares during the period. WFA of San Diego LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the second quarter valued at approximately $83,000. Captrust Financial Advisors boosted its position in shares of iShares Preferred and Income Securities ETF by 7.8% during the second quarter. Captrust Financial Advisors now owns 305,358 shares of the company’s stock valued at $9,368,000 after buying an additional 22,103 shares during the period. Finally, Resources Management Corp CT ADV purchased a new position in shares of iShares Preferred and Income Securities ETF during the second quarter valued at approximately $80,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $31.07 on Friday. iShares Preferred and Income Securities ETF has a 1 year low of $30.07 and a 1 year high of $32.26. The business has a 50 day simple moving average of $31.21 and a two-hundred day simple moving average of $31.21. The firm has a market capitalization of $13.78 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

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

iShares Preferred and Income Securities ETF Company 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).