Comerica Bank Boosts Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Comerica Bank boosted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF – Get Rating) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,157 shares of the company’s stock after buying an additional 3,751 shares during the quarter. Comerica Bank’s holdings in iShares Preferred and Income Securities ETF were worth $2,563,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PFF. Fairfield Bush & CO. purchased a new position in iShares Preferred and Income Securities ETF in the 1st quarter worth about $152,000. Baird Financial Group Inc. raised its position in iShares Preferred and Income Securities ETF by 1.6% in the 1st quarter. Baird Financial Group Inc. now owns 796,440 shares of the company’s stock worth $29,006,000 after buying an additional 12,581 shares during the last quarter. Laurel Wealth Advisors Inc. raised its position in iShares Preferred and Income Securities ETF by 2.2% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 28,765 shares of the company’s stock worth $1,048,000 after buying an additional 622 shares during the last quarter. Worth Asset Management LLC purchased a new position in iShares Preferred and Income Securities ETF in the 1st quarter worth about $564,000. Finally, SS&H Financial Advisors Inc. purchased a new position in iShares Preferred and Income Securities ETF in the 1st quarter worth about $4,462,000.

iShares Preferred and Income Securities ETF Stock Up 1.0 %

NASDAQ PFF opened at $32.86 on Wednesday. iShares Preferred and Income Securities ETF has a 52 week low of $29.79 and a 52 week high of $38.54. The company has a 50-day moving average price of $31.51 and a 200-day moving average price of $32.28.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Friday, December 16th were given a dividend of $0.237 per share. The ex-dividend date was Thursday, December 15th. This represents a $2.84 annualized dividend and a dividend yield of 8.65%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

iShares Preferred and Income Securities ETF Profile

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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.