BNP Paribas Arbitrage SNC Has $26.27 Million Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

BNP Paribas Arbitrage SNC lowered its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 849,316 shares of the company’s stock after selling 3,646 shares during the quarter. BNP Paribas Arbitrage SNC’s holdings in iShares Preferred and Income Securities ETF were worth $26,269,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bath Savings Trust Co lifted its stake in iShares Preferred and Income Securities ETF by 0.6% in the second quarter. Bath Savings Trust Co now owns 62,415 shares of the company’s stock valued at $1,930,000 after acquiring an additional 359 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its stake in iShares Preferred and Income Securities ETF by 13.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 3,936 shares of the company’s stock valued at $143,000 after acquiring an additional 480 shares during the last quarter. SWS Partners lifted its stake in iShares Preferred and Income Securities ETF by 4.9% in the second quarter. SWS Partners now owns 12,236 shares of the company’s stock valued at $322,000 after acquiring an additional 576 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its stake in iShares Preferred and Income Securities ETF by 2.2% in the first quarter. Laurel Wealth Advisors Inc. now owns 28,765 shares of the company’s stock valued at $1,048,000 after acquiring an additional 622 shares during the last quarter. Finally, Certified Advisory Corp lifted its stake in iShares Preferred and Income Securities ETF by 7.1% in the first quarter. Certified Advisory Corp now owns 9,635 shares of the company’s stock valued at $301,000 after acquiring an additional 636 shares during the last quarter. Institutional investors and hedge funds own 4.28% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF opened at $30.07 on Thursday. The firm has a 50-day moving average of $29.54 and a 200-day moving average of $30.16. The stock has a market cap of $12.59 billion, a PE ratio of 8.31 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52-week low of $28.15 and a 52-week high of $33.90.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were paid a dividend of $0.173 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date was Wednesday, November 1st. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.