iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Purchased by Red Spruce Capital LLC

Red Spruce Capital LLC grew its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,778 shares of the company’s stock after purchasing an additional 2,046 shares during the period. Red Spruce Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $612,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. OLD Mission Capital LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at about $126,000. Stonebridge Capital Advisors LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 13.9% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 3,936 shares of the company’s stock worth $143,000 after acquiring an additional 480 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 1st quarter worth approximately $152,000. Princeton Global Asset Management LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 11.4% in the 1st quarter. Princeton Global Asset Management LLC now owns 4,890 shares of the company’s stock worth $153,000 after acquiring an additional 500 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in iShares Preferred and Income Securities ETF by 37.9% in the 1st quarter. Financial Management Professionals Inc. now owns 6,039 shares of the company’s stock valued at $189,000 after purchasing an additional 1,660 shares in the last quarter. 4.28% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

PFF traded up $0.12 during trading on Thursday, reaching $30.54. 561,846 shares of the stock were exchanged, compared to its average volume of 3,641,920. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 8.31 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $29.18 and a 1 year high of $33.90. The business’s 50 day moving average price is $30.61 and its two-hundred day moving average price is $30.58.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, September 5th were paid a $0.154 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.85 dividend on an annualized basis and a yield of 6.05%.

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.