684,406 Shares of iShares Preferred and Income Securities ETF $PFF Bought by Greenleaf Trust

Greenleaf Trust purchased a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 684,406 shares of the company’s stock, valued at approximately $20,190,000.

Other hedge funds have also modified their holdings of the company. Roxbury Financial LLC grew its holdings in iShares Preferred and Income Securities ETF by 2,833.3% in the second quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after purchasing an additional 1,360 shares during the period. NBH Bank acquired a new position in iShares Preferred and Income Securities ETF during the second quarter worth about $46,000. First Bancorp Inc ME purchased a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter valued at approximately $47,000. Payden & Rygel acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth $50,000. Finally, American National Bank & Trust purchased a new position in iShares Preferred and Income Securities ETF during the third quarter worth about $58,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

PFF stock opened at $28.47 on Monday. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 3.71 and a beta of 0.54. iShares Preferred and Income Securities ETF has a 52-week low of $28.42 and a 52-week high of $32.02. The business has a fifty day moving average of $29.66 and a two-hundred day moving average of $30.70.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.1761 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594. This represents a $2.11 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, November 2nd.

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).