Farther Finance Advisors LLC Acquires 381 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Farther Finance Advisors LLC boosted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,506 shares of the company’s stock after buying an additional 381 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $516,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in iShares Preferred and Income Securities ETF during the fourth quarter valued at $27,000. Viewpoint Capital Management LLC bought a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at approximately $27,000. M&R Capital Management Inc. increased its holdings in iShares Preferred and Income Securities ETF by 280.0% during the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock valued at $31,000 after buying an additional 700 shares during the last quarter. Vima LLC bought a new position in iShares Preferred and Income Securities ETF in the fourth quarter worth approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth $43,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $32.11 on Wednesday. The stock’s fifty day moving average is $31.80 and its 200 day moving average is $31.73. iShares Preferred and Income Securities ETF has a one year low of $28.15 and a one year high of $32.66. The stock has a market cap of $14.58 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, September 3rd will be issued a $0.1632 dividend. The ex-dividend date is 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.