iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors raised its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 277,478 shares of the company’s stock after acquiring an additional 3,587 shares during the quarter. Captrust Financial Advisors owned approximately 0.06% of iShares Preferred and Income Securities ETF worth $9,221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Investments LLC increased its stake in iShares Preferred and Income Securities ETF by 12.5% in the second quarter. Parkside Investments LLC now owns 346,428 shares of the company’s stock valued at $10,930,000 after purchasing an additional 38,461 shares during the last quarter. Fifth Third Securities Inc. raised its stake in iShares Preferred and Income Securities ETF by 22.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 94,935 shares of the company’s stock worth $2,995,000 after acquiring an additional 17,559 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in iShares Preferred and Income Securities ETF in the second quarter valued at $330,000. Kingswood Wealth Advisors LLC boosted its stake in iShares Preferred and Income Securities ETF by 94.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 25,586 shares of the company’s stock valued at $807,000 after acquiring an additional 12,448 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF during the second quarter worth about $43,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

iShares Preferred and Income Securities ETF stock opened at $32.95 on Monday. The company has a market capitalization of $15.35 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.34 and a fifty-two week high of $33.59. The stock has a 50-day simple moving average of $33.02 and a 200-day simple moving average of $32.28.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1653 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.98 dividend on an annualized basis and a yield of 6.02%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

About iShares Preferred and Income Securities ETF

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.