36,372 Shares of iShares Preferred and Income Securities ETF $PFF Bought by Montecito Bank & Trust

Montecito Bank & Trust bought a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 36,372 shares of the company’s stock, valued at approximately $1,073,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Keynote Financial Services LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 160.9% during the 4th quarter. Keynote Financial Services LLC now owns 45,620 shares of the company’s stock worth $1,412,000 after acquiring an additional 28,132 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth $4,351,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth $1,153,000. Bessemer Group Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 32.1% in the first 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. Finally, Cohen & Steers Inc. boosted its holdings in iShares Preferred and Income Securities ETF by 12,157.0% during the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock worth $27,997,000 after purchasing an additional 896,701 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

iShares Preferred and Income Securities ETF stock traded down $0.04 during mid-day trading on Thursday, reaching $29.46. The company’s stock had a trading volume of 4,004,127 shares, compared to its average volume of 3,179,955. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12 month low of $29.15 and a 12 month high of $32.02. The business’s 50 day simple moving average is $30.30 and its 200 day simple moving average is $30.71.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.1594 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 6.5%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472.

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).