Captrust Financial Advisors Increases Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Captrust Financial Advisors lifted its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,478 shares of the company’s stock after purchasing an additional 3,587 shares during the period. Captrust Financial Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $9,221,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilton Capital Management LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 19.9% during the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after acquiring an additional 239,661 shares during the period. Rothschild Investment LLC purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter worth $6,851,000. Canandaigua National Bank & Trust Co. purchased a new stake in iShares Preferred and Income Securities ETF during the third quarter worth $4,669,000. One Capital Management LLC grew its holdings in iShares Preferred and Income Securities ETF by 1,100.4% in the second quarter. One Capital Management LLC now owns 143,936 shares of the company’s stock valued at $4,541,000 after purchasing an additional 131,945 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in iShares Preferred and Income Securities ETF in the second quarter valued at $3,488,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.6 %

NASDAQ:PFF opened at $32.95 on Monday. iShares Preferred and Income Securities ETF has a 52-week low of $30.34 and a 52-week high of $33.59. The stock has a fifty day simple moving average of $33.02 and a 200-day simple moving average of $32.28. The company has a market capitalization of $15.35 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1653 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 6.02%.

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.