Community Bank N.A. Grows Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Community Bank N.A. increased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 13.8% in the third quarter, HoldingsChannel.com reports. The firm owned 96,146 shares of the company’s stock after buying an additional 11,630 shares during the period. Community Bank N.A.’s holdings in iShares Preferred and Income Securities ETF were worth $3,194,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PFF. Nations Financial Group Inc. IA ADV lifted its stake in iShares Preferred and Income Securities ETF by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 14,323 shares of the company’s stock worth $476,000 after purchasing an additional 306 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 2.5% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 15,062 shares of the company’s stock valued at $475,000 after buying an additional 369 shares during the period. Stolper Co raised its holdings in shares of iShares Preferred and Income Securities ETF by 2.5% in the 2nd quarter. Stolper Co now owns 15,413 shares of the company’s stock valued at $486,000 after buying an additional 371 shares during the period. Farther Finance Advisors LLC lifted its stake in iShares Preferred and Income Securities ETF by 2.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 16,506 shares of the company’s stock worth $516,000 after acquiring an additional 381 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in iShares Preferred and Income Securities ETF by 5.5% during the 3rd quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock valued at $249,000 after acquiring an additional 390 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF opened at $32.95 on Monday. The firm has a market capitalization of $15.35 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $30.34 and a 1 year high of $33.59. The firm’s 50-day moving average is $33.02 and its two-hundred day moving average is $32.28.

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 paid a dividend of $0.1653 per share. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a $1.98 annualized dividend and a yield of 6.02%. 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.