Magnolia Capital Advisors LLC Invests $517,000 in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Magnolia Capital Advisors LLC bought a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,380 shares of the company’s stock, valued at approximately $517,000.

Several other institutional investors have also recently made changes to their positions in PFF. Brown Brothers Harriman & Co. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth about $27,000. CIBC Private Wealth Group LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 26.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 224,118 shares of the company’s stock worth $6,990,000 after acquiring an additional 46,856 shares during the last quarter. Waterloo Capital L.P. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth about $201,000. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth about $247,000. Finally, Cohen & Steers Inc. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 8,108.7% in the 4th quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock worth $172,830,000 after acquiring an additional 5,473,686 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.7 %

iShares Preferred and Income Securities ETF stock opened at $33.23 on Tuesday. The firm has a 50-day moving average price of $32.30 and a 200-day moving average price of $31.86. The firm has a market capitalization of $15.08 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12-month low of $28.15 and a 12-month high of $33.59.

iShares Preferred and Income Securities ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1632 per share. The ex-dividend date was Tuesday, September 3rd.

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.