Crews Bank & Trust Takes Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Crews Bank & Trust purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 103,620 shares of the company’s stock, valued at approximately $3,258,000.

Several other large investors also recently bought and sold shares of the stock. Ibex Wealth Advisors purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth about $3,755,000. Parkside Investments LLC raised its holdings in iShares Preferred and Income Securities ETF by 7.9% in the 4th quarter. Parkside Investments LLC now owns 433,799 shares of the company’s stock valued at $13,639,000 after acquiring an additional 31,609 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in iShares Preferred and Income Securities ETF by 47.6% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 21,175 shares of the company’s stock worth $666,000 after buying an additional 6,825 shares in the last quarter. Crescent Grove Advisors LLC raised its stake in iShares Preferred and Income Securities ETF by 3.8% during the fourth quarter. Crescent Grove Advisors LLC now owns 44,831 shares of the company’s stock worth $1,409,000 after purchasing an additional 1,636 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF opened at $31.91 on Thursday. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The company has a 50 day moving average price of $31.99 and a 200 day moving average price of $32.36. The stock has a market capitalization of $14.77 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1767 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.64%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.