Prime Capital Investment Advisors LLC Acquires 2,496 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Prime Capital Investment Advisors LLC lifted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.3% in the 3rd quarter, Holdings Channel reports. The firm owned 32,633 shares of the company’s stock after acquiring an additional 2,496 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PFF. First Interstate Bank lifted its position in iShares Preferred and Income Securities ETF by 0.6% during the third quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock valued at $54,870,000 after purchasing an additional 10,148 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,465,402 shares of the company’s stock worth $48,695,000 after buying an additional 104,770 shares during the last quarter. Greenleaf Trust grew its holdings in shares of iShares Preferred and Income Securities ETF by 4.4% in the third quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock worth $34,373,000 after acquiring an additional 43,619 shares during the period. Jaffetilchin Investment Partners LLC increased its position in iShares Preferred and Income Securities ETF by 3.9% during the third quarter. Jaffetilchin Investment Partners LLC now owns 726,188 shares of the company’s stock valued at $24,131,000 after acquiring an additional 27,357 shares during the last quarter. Finally, Parkside Investments LLC lifted its holdings in iShares Preferred and Income Securities ETF by 12.5% in the second quarter. Parkside Investments LLC now owns 346,428 shares of the company’s stock valued at $10,930,000 after acquiring an additional 38,461 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ:PFF opened at $32.61 on Friday. The stock’s 50-day simple moving average is $33.08 and its two-hundred day simple moving average is $32.17. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52-week low of $29.83 and a 52-week high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.1653 per share. This represents a $1.98 annualized dividend and a yield of 6.08%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Friday, November 1st.

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.