2,020 Shares in iShares Preferred and Income Securities ETF (NASDAQ:PFF) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,020 shares of the company’s stock, valued at approximately $67,000.

A number of other hedge funds also recently made changes to their positions in PFF. Capital Square LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 21.8% during the 3rd quarter. Capital Square LLC now owns 384,705 shares of the company’s stock worth $12,784,000 after purchasing an additional 68,898 shares during the period. Hilton Capital Management LLC lifted its position in iShares Preferred and Income Securities ETF by 19.9% during the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares in the last quarter. Avior Wealth Management LLC grew its stake in iShares Preferred and Income Securities ETF by 5.5% during the third quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock worth $249,000 after buying an additional 390 shares during the period. SouthState Corp increased its position in shares of iShares Preferred and Income Securities ETF by 1.8% in the third quarter. SouthState Corp now owns 94,891 shares of the company’s stock worth $3,153,000 after acquiring an additional 1,708 shares in the last quarter. Finally, Mount Lucas Management LP raised its stake in shares of iShares Preferred and Income Securities ETF by 4.7% in the 3rd quarter. Mount Lucas Management LP now owns 82,800 shares of the company’s stock valued at $2,751,000 after acquiring an additional 3,742 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.4 %

NASDAQ:PFF opened at $31.48 on Friday. The firm’s fifty day simple moving average is $32.74 and its 200 day simple moving average is $32.35. iShares Preferred and Income Securities ETF has a twelve month low of $30.56 and a twelve month high of $33.59. The firm has a market capitalization of $14.63 billion, a price-to-earnings 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 will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.1767 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Wednesday, December 18th. This is a boost 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.