iShares Preferred and Income Securities ETF $PFF Stock: Kingswood Wealth Advisors LLC Increases Position

Kingswood Wealth Advisors LLC increased its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 151.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 33,348 shares of the company’s stock after buying an additional 20,097 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kentucky Trust Co increased its position in shares of iShares Preferred and Income Securities ETF by 0.7% during the second quarter. Kentucky Trust Co now owns 191,794 shares of the company’s stock valued at $5,848,000 after acquiring an additional 1,414 shares during the last quarter. Capital Square LLC purchased a new position in iShares Preferred and Income Securities ETF in the second quarter worth $5,828,000. Compass Financial Management LLC purchased a new position in iShares Preferred and Income Securities ETF in the second quarter worth $4,351,000. Bank of Stockton purchased a new position in iShares Preferred and Income Securities ETF in the third quarter worth $4,114,000. Finally, Bessemer Group Inc. grew its stake in iShares Preferred and Income Securities ETF by 32.1% in the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock valued at $4,019,000 after purchasing an additional 32,230 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $28.76 on Thursday. iShares Preferred and Income Securities ETF has a 1 year low of $28.64 and a 1 year high of $32.02. The company has a market capitalization of $11.88 billion, a PE ratio of 3.71 and a beta of 0.54. The business has a fifty day moving average price of $29.74 and a two-hundred day moving average price of $30.73.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1594 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 6.7%.

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).