23,642 Shares of iShares Preferred and Income Securities ETF $PFF Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. purchased a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,642 shares of the company’s stock, valued at approximately $697,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dynamic Wealth Strategies LLC grew its position in iShares Preferred and Income Securities ETF by 2.2% in the first quarter. Dynamic Wealth Strategies LLC now owns 15,700 shares of the company’s stock worth $476,000 after acquiring an additional 341 shares in the last quarter. Lodestone Wealth Management LLC raised its position in iShares Preferred and Income Securities ETF by 17.2% during the third quarter. Lodestone Wealth Management LLC now owns 2,376 shares of the company’s stock valued at $70,000 after purchasing an additional 348 shares during the period. Independence Bank of Kentucky raised its position in iShares Preferred and Income Securities ETF by 2.7% during the third quarter. Independence Bank of Kentucky now owns 18,268 shares of the company’s stock valued at $539,000 after purchasing an additional 474 shares during the period. Beacon Financial Group raised its position in iShares Preferred and Income Securities ETF by 6.9% during the first quarter. Beacon Financial Group now owns 13,202 shares of the company’s stock valued at $400,000 after purchasing an additional 848 shares during the period. Finally, Aventus Investment Advisors Inc. raised its position in iShares Preferred and Income Securities ETF by 1.8% during the second quarter. Aventus Investment Advisors Inc. now owns 49,599 shares of the company’s stock valued at $1,512,000 after purchasing an additional 890 shares during the period. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ:PFF opened at $28.72 on Thursday. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 3.71 and a beta of 0.55. iShares Preferred and Income Securities ETF has a 1 year low of $28.22 and a 1 year high of $32.02. The business has a 50 day simple moving average of $29.53 and a 200-day simple moving average of $30.65.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.1761 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.11 annualized dividend and a dividend yield of 7.4%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594.

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. 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).