Greenleaf Trust Makes New Investment in iShares Preferred and Income Securities ETF $PFF

Greenleaf Trust acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 684,406 shares of the company’s stock, valued at approximately $20,190,000. Greenleaf Trust owned 0.17% of iShares Preferred and Income Securities ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have 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 in the last quarter. Capital Square LLC purchased a new position in shares of iShares Preferred and Income Securities ETF in the second quarter valued at about $5,828,000. Compass Financial Management LLC purchased a new position in iShares Preferred and Income Securities ETF during the second quarter valued at $4,351,000. Bank of Stockton bought a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $4,114,000. Finally, Bessemer Group Inc. raised its position in shares of iShares Preferred and Income Securities ETF by 32.1% during the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock valued at $4,019,000 after buying an additional 32,230 shares in the last quarter. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $28.47 on Monday. The firm has a 50-day simple moving average of $29.66 and a two-hundred day simple moving average of $30.70. iShares Preferred and Income Securities ETF has a 1 year low of $28.42 and a 1 year high of $32.02. The company has a market cap of $11.70 billion, a P/E ratio of 3.71 and a beta of 0.54.

iShares Preferred and Income Securities ETF Increases Dividend

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

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).