Baird Financial Group Inc. Increases Holdings in iShares Preferred and Income Securities ETF $PFF

Baird Financial Group Inc. grew its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,603 shares of the company’s stock after acquiring an additional 65,031 shares during the quarter. Baird Financial Group Inc. owned about 0.22% of iShares Preferred and Income Securities ETF worth $30,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its holdings in iShares Preferred and Income Securities ETF by 14.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 435,969 shares of the company’s stock worth $13,376,000 after buying an additional 54,528 shares in the last quarter. Parkside Investments LLC increased its position in iShares Preferred and Income Securities ETF by 10.5% during the second quarter. Parkside Investments LLC now owns 495,428 shares of the company’s stock valued at $15,200,000 after acquiring an additional 47,198 shares during the last quarter. Sierra Capital LLC lifted its holdings in iShares Preferred and Income Securities ETF by 106.3% in the second quarter. Sierra Capital LLC now owns 83,384 shares of the company’s stock valued at $2,558,000 after acquiring an additional 42,972 shares during the period. Duncan Williams Asset Management LLC bought a new position in iShares Preferred and Income Securities ETF in the second quarter valued at about $364,000. Finally, Providence First Trust Co boosted its position in iShares Preferred and Income Securities ETF by 32.6% in the second quarter. Providence First Trust Co now owns 47,148 shares of the company’s stock worth $1,446,000 after purchasing an additional 11,587 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.3%

iShares Preferred and Income Securities ETF stock opened at $30.87 on Friday. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $32.71. The company has a market cap of $14.33 billion, a P/E ratio of 3.71 and a beta of 0.53. The business has a 50-day simple moving average of $31.19 and a two-hundred day simple moving average of $31.11.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were given a dividend of $0.1755 per share. This represents a c) annualized dividend and a yield of 6.8%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Monday, December 1st.

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.