iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC raised its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,246 shares of the company’s stock after acquiring an additional 1,953 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Viewpoint Capital Management LLC purchased a new position in iShares Preferred and Income Securities ETF in the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Preferred and Income Securities ETF during the second quarter worth about $43,000. First PREMIER Bank purchased a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $53,000. Future Financial Wealth Managment LLC acquired a new stake in iShares Preferred and Income Securities ETF in the 1st quarter valued at about $56,000. Finally, Webster Bank N. A. lifted its stake in iShares Preferred and Income Securities ETF by 34.8% in the 1st quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock worth $60,000 after purchasing an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock traded up $0.04 during trading hours on Tuesday, reaching $33.16. The company had a trading volume of 482,261 shares, compared to its average volume of 3,989,054. iShares Preferred and Income Securities ETF has a 12-month low of $28.32 and a 12-month high of $33.59. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The stock has a fifty day moving average of $32.82 and a 200-day moving average of $31.98.

iShares Preferred and Income Securities ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1632 per share. The ex-dividend date was Tuesday, September 3rd.

About iShares Preferred and Income Securities ETF

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.