Red Spruce Capital LLC Raises Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Red Spruce Capital LLC raised its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,348 shares of the company’s stock after purchasing an additional 2,891 shares during the quarter. Red Spruce Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cohen & Steers Inc. grew its holdings in shares of iShares Preferred and Income Securities ETF by 8,108.7% in the fourth quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock valued at $172,830,000 after acquiring an additional 5,473,686 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of iShares Preferred and Income Securities ETF by 32.2% in the 1st quarter. Greenleaf Trust now owns 958,520 shares of the company’s stock worth $30,893,000 after buying an additional 233,319 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter worth about $15,445,000. Parkside Investments LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 12.5% in the 2nd quarter. Parkside Investments LLC now owns 346,428 shares of the company’s stock worth $10,930,000 after buying an additional 38,461 shares during the last quarter. Finally, Capital Square LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 12.5% in the 2nd quarter. Capital Square LLC now owns 315,807 shares of the company’s stock worth $10,081,000 after buying an additional 35,074 shares during the last quarter. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Trading Down 0.3 %

Shares of NASDAQ:PFF traded down $0.10 during midday trading on Friday, reaching $33.17. The company had a trading volume of 3,975,488 shares, compared to its average volume of 4,040,881. The company’s 50 day moving average price is $32.44 and its 200 day moving average price is $31.90. iShares Preferred and Income Securities ETF has a 52-week low of $28.15 and a 52-week high of $33.59. The stock has a market cap of $15.39 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.1632 per share. The ex-dividend date was Tuesday, September 3rd.

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.