CX Institutional Takes Position in iShares Preferred and Income Securities ETF $PFF

CX Institutional acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,071 shares of the company’s stock, valued at approximately $571,000.

Several other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of iShares Preferred and Income Securities ETF by 1.7% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 200,369 shares of the company’s stock worth $6,336,000 after buying an additional 3,314 shares during the period. Crews Bank & Trust lifted its stake in iShares Preferred and Income Securities ETF by 3.8% in the 3rd quarter. Crews Bank & Trust now owns 102,425 shares of the company’s stock worth $3,239,000 after acquiring an additional 3,760 shares in the last quarter. CoreCap Advisors LLC boosted its position in iShares Preferred and Income Securities ETF by 87.0% during the 3rd quarter. CoreCap Advisors LLC now owns 33,036 shares of the company’s stock worth $1,045,000 after acquiring an additional 15,365 shares during the period. North Star Investment Management Corp. grew its stake in iShares Preferred and Income Securities ETF by 8.4% during the 3rd quarter. North Star Investment Management Corp. now owns 26,177 shares of the company’s stock valued at $828,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Greenleaf Trust increased its stake in iShares Preferred and Income Securities ETF by 2.7% in the 3rd quarter. Greenleaf Trust now owns 1,145,373 shares of the company’s stock valued at $36,217,000 after buying an additional 30,217 shares during the period. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Up 0.6%

PFF stock opened at $31.57 on Friday. The company has a 50 day moving average of $30.98 and a two-hundred day moving average of $31.27. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12-month low of $28.70 and a 12-month high of $32.28.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.0659 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).