First Interstate Bank Grows Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

First Interstate Bank raised its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,651,210 shares of the company’s stock after acquiring an additional 10,148 shares during the period. iShares Preferred and Income Securities ETF makes up approximately 3.3% of First Interstate Bank’s investment portfolio, making the stock its 10th largest position. First Interstate Bank owned about 0.35% of iShares Preferred and Income Securities ETF worth $54,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PFF. Viewpoint Capital Management LLC bought a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Preferred and Income Securities ETF during the second quarter worth $43,000. First PREMIER Bank bought a new position in iShares Preferred and Income Securities ETF in the third quarter valued at about $53,000. Eastern Bank bought a new position in iShares Preferred and Income Securities ETF in the 3rd quarter valued at approximately $71,000. Finally, Wellington Shields & Co. LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 23.2% during the first quarter. Wellington Shields & Co. LLC now owns 4,015 shares of the company’s stock worth $129,000 after purchasing an additional 755 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.4 %

NASDAQ PFF traded down $0.13 during trading hours on Friday, hitting $32.54. 3,801,037 shares of the company’s stock were exchanged, compared to its average volume of 3,984,502. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1-year low of $29.15 and a 1-year high of $33.59. The stock has a 50-day simple moving average of $32.99 and a 200 day simple moving average of $32.05.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be issued a dividend of $0.1653 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.98 annualized dividend and a yield of 6.10%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.