Wavvest Wealth LLC Makes New $1.52 Million Investment in iShares Preferred and Income Securities ETF $PFF

Wavvest Wealth LLC acquired a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 51,518 shares of the company’s stock, valued at approximately $1,520,000. iShares Preferred and Income Securities ETF comprises approximately 1.2% of Wavvest Wealth LLC’s holdings, making the stock its 23rd largest position.

Several other large investors also recently modified their holdings of PFF. Capital Square LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter worth about $5,828,000. Compass Financial Management LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the second quarter worth about $4,351,000. Bank of Stockton acquired a new position in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $4,114,000. Congress Asset Management Co. acquired a new position in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $2,527,000. Finally, Blue Edge Capital LLC purchased a new position in iShares Preferred and Income Securities ETF in the second quarter valued at about $2,068,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $28.82 on Thursday. The company has a market capitalization of $11.92 billion, a P/E ratio of 3.71 and a beta of 0.54. iShares Preferred and Income Securities ETF has a one year low of $28.78 and a one year high of $32.02. The stock has a 50-day moving average price of $29.92 and a 200 day moving average price of $30.57.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.1594 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472.

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).