Capital Square LLC Takes Position in iShares Preferred and Income Securities ETF $PFF

Capital Square LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 2.6% of Capital Square LLC’s portfolio, making the stock its 2nd biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cohen & Steers Inc. raised its position in iShares Preferred and Income Securities ETF by 12,157.0% in the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after purchasing an additional 896,701 shares during the last quarter. Horizon Investments LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the third quarter worth about $10,608,000. Compass Financial Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter worth about $4,351,000. Amicus Financial Advisors LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $3,270,000. Finally, NewEdge Advisors LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 28.1% in 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. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $30.46 on Monday. The company has a 50 day simple moving average of $30.58 and a 200 day simple moving average of $30.97. iShares Preferred and Income Securities ETF has a 1 year low of $30.10 and a 1 year high of $32.26. The firm has a market cap of $13.18 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a $0.1423 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 5.6%.

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).