Crews Bank & Trust Buys New Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Crews Bank & Trust purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 103,620 shares of the company’s stock, valued at approximately $3,258,000.

Several other large investors also recently bought and sold shares of PFF. Nations Financial Group Inc. IA ADV raised its holdings in shares of iShares Preferred and Income Securities ETF by 2.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 14,323 shares of the company’s stock valued at $476,000 after buying an additional 306 shares during the last quarter. Avior Wealth Management LLC raised its stake in iShares Preferred and Income Securities ETF by 5.5% during the 3rd quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock valued at $249,000 after acquiring an additional 390 shares during the last quarter. Bogart Wealth LLC lifted its position in iShares Preferred and Income Securities ETF by 13.3% during the 3rd quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after acquiring an additional 471 shares during the period. Continuum Advisory LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 8.2% in the 3rd quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock valued at $209,000 after purchasing an additional 484 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of iShares Preferred and Income Securities ETF by 0.8% in the third quarter. Integrated Wealth Concepts LLC now owns 65,845 shares of the company’s stock valued at $2,188,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF opened at $31.91 on Thursday. The stock has a fifty day moving average price of $31.99 and a 200 day moving average price of $32.36. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59. The company has a market cap of $14.77 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1767 dividend. This represents a $2.12 annualized dividend and a dividend yield of 6.64%. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

iShares Preferred and Income Securities ETF 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.