Compass Financial Management LLC Invests $4.35 Million in iShares Preferred and Income Securities ETF $PFF

Compass Financial Management LLC purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 142,205 shares of the company’s stock, valued at approximately $4,351,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Keynote Financial Services LLC grew its holdings in iShares Preferred and Income Securities ETF by 160.9% in the 4th quarter. Keynote Financial Services LLC now owns 45,620 shares of the company’s stock valued at $1,412,000 after buying an additional 28,132 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of iShares Preferred and Income Securities ETF by 32.1% during the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock worth $4,019,000 after acquiring an additional 32,230 shares during the period. Canandaigua National Bank & Trust Co. purchased a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth $1,153,000. Arkadios Wealth Advisors boosted its position in shares of iShares Preferred and Income Securities ETF by 28.1% during the 1st quarter. Arkadios Wealth Advisors now owns 110,844 shares of the company’s stock valued at $3,361,000 after acquiring an additional 24,348 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its position in shares of iShares Preferred and Income Securities ETF by 12,157.0% during the 4th quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after acquiring an additional 896,701 shares during the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $30.36 on Friday. iShares Preferred and Income Securities ETF has a 12-month low of $30.06 and a 12-month high of $32.26. The firm has a 50-day moving average price of $30.49 and a 200 day moving average price of $30.90. The firm has a market capitalization of $13.14 billion, a P/E ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.1472 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date was Tuesday, September 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

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. 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).