CX Institutional Takes Position in iShares Preferred and Income Securities ETF $PFF

CX Institutional acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,071 shares of the company’s stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Peoples Bank KS lifted its stake in iShares Preferred and Income Securities ETF by 0.3% in the second quarter. Peoples Bank KS now owns 130,024 shares of the company’s stock valued at $3,989,000 after acquiring an additional 359 shares during the last quarter. Somerset Trust Co raised its holdings in shares of iShares Preferred and Income Securities ETF by 0.9% during the 3rd quarter. Somerset Trust Co now owns 48,583 shares of the company’s stock valued at $1,536,000 after purchasing an additional 417 shares in the last quarter. Ethos Financial Group LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 2.5% in the 2nd quarter. Ethos Financial Group LLC now owns 20,772 shares of the company’s stock valued at $637,000 after purchasing an additional 500 shares during the last quarter. Wellington Shields Capital Management LLC boosted its holdings in iShares Preferred and Income Securities ETF by 14.1% in the second quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock worth $126,000 after purchasing an additional 505 shares in the last quarter. Finally, Curbstone Financial Management Corp boosted its holdings in iShares Preferred and Income Securities ETF by 0.5% in the third quarter. Curbstone Financial Management Corp now owns 120,763 shares of the company’s stock worth $3,819,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ PFF opened at $31.57 on Friday. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.70 and a fifty-two week high of $32.28. The stock’s 50-day moving average is $30.98 and its two-hundred day moving average is $31.27. The firm has a market cap of $14.26 billion, a P/E ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.0659 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 19th.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).