Bessemer Group Inc. Grows Stake in iShares Preferred and Income Securities ETF $PFF

Bessemer Group Inc. grew its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 32.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,563 shares of the company’s stock after purchasing an additional 32,230 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $4,019,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth $33,000. Princeton Global Asset Management LLC increased its position in iShares Preferred and Income Securities ETF by 36.6% during the 1st quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock valued at $49,000 after buying an additional 431 shares in the last quarter. Ascentis Independent Advisors acquired a new position in iShares Preferred and Income Securities ETF during the 1st quarter valued at about $59,000. Payden & Rygel purchased a new stake in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $61,000. Finally, Bayban purchased a new stake in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $62,000. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ PFF opened at $30.32 on Tuesday. The company has a market cap of $13.26 billion, a PE ratio of 3.71 and a beta of 0.53. The business has a 50-day simple moving average of $30.93 and a two-hundred day simple moving average of $31.15. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.10 and a fifty-two week high of $32.26.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.1417 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, July 1st. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

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. 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).