Amicus Financial Advisors LLC Purchases Shares of 105,624 iShares Preferred and Income Securities ETF $PFF

Amicus Financial Advisors LLC acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 4th quarter, HoldingsChannel reports. The fund acquired 105,624 shares of the company’s stock, valued at approximately $3,270,000. iShares Preferred and Income Securities ETF accounts for approximately 0.9% of Amicus Financial Advisors LLC’s holdings, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in PFF. NewEdge Advisors LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 28.1% in the 2nd quarter. NewEdge Advisors LLC now owns 359,311 shares of the company’s stock valued at $11,024,000 after purchasing an additional 78,817 shares during the period. BNP Paribas Financial Markets grew its position in iShares Preferred and Income Securities ETF by 6,632.5% during the second quarter. BNP Paribas Financial Markets now owns 5,386 shares of the company’s stock valued at $165,000 after buying an additional 5,306 shares during the period. WFA of San Diego LLC purchased a new position in iShares Preferred and Income Securities ETF in the second quarter valued at $83,000. Captrust Financial Advisors increased its holdings in iShares Preferred and Income Securities ETF by 7.8% in the second quarter. Captrust Financial Advisors now owns 305,358 shares of the company’s stock valued at $9,368,000 after buying an additional 22,103 shares in the last quarter. Finally, Resources Management Corp CT ADV acquired a new position in shares of iShares Preferred and Income Securities ETF in the second quarter worth about $80,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $31.23 on Friday. The firm has a market cap of $13.85 billion, a P/E ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12 month low of $30.10 and a 12 month high of $32.26. The stock’s 50 day moving average is $31.28 and its two-hundred day moving average is $31.22.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.1384 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%.

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).