Crestwood Advisors Group LLC Decreases Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Crestwood Advisors Group LLC cut its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 31,771 shares of the company’s stock after selling 1,717 shares during the period. Crestwood Advisors Group LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,056,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Capital Square LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the first quarter worth approximately $9,048,000. Rothschild Investment LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth approximately $6,851,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter worth approximately $4,669,000. One Capital Management LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 1,100.4% in the second quarter. One Capital Management LLC now owns 143,936 shares of the company’s stock worth $4,541,000 after acquiring an additional 131,945 shares during the period. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth approximately $3,488,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.8 %

Shares of PFF stock opened at $33.06 on Wednesday. The company has a 50 day moving average price of $33.01 and a 200-day moving average price of $32.10. iShares Preferred and Income Securities ETF has a 52 week low of $29.40 and a 52 week high of $33.59. The firm has a market capitalization of $15.37 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a $0.1653 dividend. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a $1.98 dividend on an annualized basis and a dividend yield of 6.00%.

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.