Arkadios Wealth Advisors Purchases 24,348 Shares of iShares Preferred and Income Securities ETF $PFF

Arkadios Wealth Advisors lifted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 28.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,844 shares of the company’s stock after purchasing an additional 24,348 shares during the period. Arkadios Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $3,361,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. FCA Corp TX lifted its holdings in shares of iShares Preferred and Income Securities ETF by 9.1% during the first quarter. FCA Corp TX now owns 22,906 shares of the company’s stock worth $695,000 after buying an additional 1,901 shares during the last quarter. Keynote Financial Services LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 15.0% in the first quarter. Keynote Financial Services LLC now owns 52,468 shares of the company’s stock valued at $1,591,000 after buying an additional 6,848 shares during the period. Dynamic Wealth Strategies LLC grew its position in iShares Preferred and Income Securities ETF by 2.2% during the first quarter. Dynamic Wealth Strategies LLC now owns 15,700 shares of the company’s stock worth $476,000 after buying an additional 341 shares in the last quarter. Mathes Company Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 7.0% in the 1st quarter. Mathes Company Inc. now owns 53,850 shares of the company’s stock worth $1,633,000 after acquiring an additional 3,500 shares during the period. Finally, Bessemer Group Inc. grew 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 purchasing an additional 32,230 shares in the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.1%

PFF opened at $30.47 on Friday. iShares Preferred and Income Securities ETF has a 1 year low of $30.10 and a 1 year high of $32.26. The stock’s 50 day simple moving average is $30.75 and its 200-day simple moving average is $31.09. The stock has a market cap of $13.23 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.1417 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 5.6%.

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).