RPg Family Wealth Advisory LLC Grows Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

RPg Family Wealth Advisory LLC raised its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.5% during the 3rd quarter, Holdings Channel reports. The fund owned 179,248 shares of the company’s stock after purchasing an additional 12,521 shares during the period. iShares Preferred and Income Securities ETF comprises approximately 1.7% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 23rd largest position. RPg Family Wealth Advisory LLC’s holdings in iShares Preferred and Income Securities ETF were worth $5,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in iShares Preferred and Income Securities ETF by 1.9% in the first quarter. Comerica Bank now owns 223,860 shares of the company’s stock worth $7,215,000 after purchasing an additional 4,076 shares during the last quarter. Keynote Financial Services LLC purchased a new stake in iShares Preferred and Income Securities ETF in the first quarter valued at about $480,000. Red Spruce Capital LLC boosted its holdings in iShares Preferred and Income Securities ETF by 5.5% in the second quarter. Red Spruce Capital LLC now owns 20,457 shares of the company’s stock worth $645,000 after acquiring an additional 1,070 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 14.8% during the second quarter. Transcend Capital Advisors LLC now owns 73,663 shares of the company’s stock worth $2,324,000 after acquiring an additional 9,505 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of iShares Preferred and Income Securities ETF by 125.2% during the second quarter. GAMMA Investing LLC now owns 56,482 shares of the company’s stock valued at $1,782,000 after acquiring an additional 31,404 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.6 %

PFF stock opened at $32.62 on Wednesday. The stock has a market capitalization of $15.16 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52 week low of $30.01 and a 52 week high of $33.59. The firm has a 50 day moving average of $33.05 and a 200 day moving average of $32.25.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.1653 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a $1.98 dividend on an annualized basis and a dividend yield of 6.08%.

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.