Atlantic Union Bankshares Corp Grows Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Atlantic Union Bankshares Corp increased its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,982 shares of the company’s stock after buying an additional 1,000 shares during the period. Atlantic Union Bankshares Corp’s holdings in iShares Preferred and Income Securities ETF were worth $612,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cohen & Steers Inc. grew its position 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Preferred and Income Securities ETF by 4.2% in the third quarter. Ameriprise Financial Inc. now owns 2,029,548 shares of the company’s stock worth $61,112,000 after purchasing an additional 81,413 shares during the period. Janney Montgomery Scott LLC increased its stake in iShares Preferred and Income Securities ETF by 10.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,501,951 shares of the company’s stock valued at $46,846,000 after purchasing an additional 143,949 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth $28,841,000. Finally, Greenleaf Trust bought a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth about $22,619,000. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Down 0.2 %

NASDAQ PFF traded down $0.06 on Friday, hitting $31.55. The stock had a trading volume of 3,703,037 shares, compared to its average volume of 4,285,683. The company’s 50-day moving average is $31.48 and its two-hundred day moving average is $31.62. iShares Preferred and Income Securities ETF has a one year low of $28.15 and a one year high of $32.66. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.1634 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date was Monday, June 3rd.

iShares Preferred and Income Securities ETF Company 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.