Capital Square LLC Makes New Investment in iShares Preferred and Income Securities ETF $PFF

Capital Square LLC acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 190,836 shares of the company’s stock, valued at approximately $5,828,000. iShares Preferred and Income Securities ETF makes up approximately 2.6% of Capital Square LLC’s portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in PFF. NewEdge Advisors LLC grew its stake in 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 worth $11,024,000 after purchasing an additional 78,817 shares during the period. BNP Paribas Financial Markets lifted its stake in iShares Preferred and Income Securities ETF by 6,632.5% in 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 bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth approximately $83,000. Captrust Financial Advisors boosted its holdings in shares of iShares Preferred and Income Securities ETF by 7.8% during the 2nd quarter. Captrust Financial Advisors now owns 305,358 shares of the company’s stock worth $9,368,000 after buying an additional 22,103 shares in the last quarter. Finally, Resources Management Corp CT ADV acquired a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth approximately $80,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock opened at $30.46 on Monday. The firm has a 50 day moving average of $30.58 and a 200-day moving average of $30.97. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 52 week low of $30.10 and a 52 week high of $32.26.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.1423 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, August 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. 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).