RPg Family Wealth Advisory LLC Acquires 12,521 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

RPg Family Wealth Advisory LLC grew its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,248 shares of the company’s stock after acquiring an additional 12,521 shares during the quarter. iShares Preferred and Income Securities ETF comprises about 1.7% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 23rd biggest holding. RPg Family Wealth Advisory LLC’s holdings in iShares Preferred and Income Securities ETF were worth $5,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Viewpoint Capital Management LLC purchased a new position in iShares Preferred and Income Securities ETF during the second quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth $43,000. First PREMIER Bank purchased a new position in iShares Preferred and Income Securities ETF in the third quarter worth about $53,000. BNP Paribas Financial Markets purchased a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $67,000. Finally, Eastern Bank bought a new position in iShares Preferred and Income Securities ETF during the third quarter valued at $71,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.6 %

Shares of NASDAQ:PFF opened at $32.62 on Wednesday. The firm’s 50-day moving average is $33.05 and its 200 day moving average is $32.25. iShares Preferred and Income Securities ETF has a 12 month low of $30.01 and a 12 month high of $33.59. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1653 dividend. This represents a $1.98 annualized dividend and a yield of 6.08%. The ex-dividend date was Friday, November 1st. 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.