Belpointe Asset Management LLC Raises Stake in iShares Preferred and Income Securities ETF $PFF

Belpointe Asset Management LLC increased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 17.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,602 shares of the company’s stock after purchasing an additional 1,974 shares during the period. Belpointe Asset Management LLC’s holdings in iShares Preferred and Income Securities ETF were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Duncan Williams Asset Management LLC purchased a new stake in iShares Preferred and Income Securities ETF during the 2nd quarter worth about $364,000. Crews Bank & Trust lifted its holdings in iShares Preferred and Income Securities ETF by 1.6% during the 2nd quarter. Crews Bank & Trust now owns 98,665 shares of the company’s stock worth $3,027,000 after purchasing an additional 1,580 shares in the last quarter. Parkside Investments LLC lifted its holdings in iShares Preferred and Income Securities ETF by 10.5% during the 2nd quarter. Parkside Investments LLC now owns 495,428 shares of the company’s stock worth $15,200,000 after purchasing an additional 47,198 shares in the last quarter. Kentucky Trust Co increased its stake in iShares Preferred and Income Securities ETF by 3.4% in the 2nd quarter. Kentucky Trust Co now owns 186,296 shares of the company’s stock worth $5,716,000 after acquiring an additional 6,135 shares during the last quarter. Finally, Bank of Stockton increased its stake in iShares Preferred and Income Securities ETF by 1.9% in the 2nd quarter. Bank of Stockton now owns 155,828 shares of the company’s stock worth $4,781,000 after acquiring an additional 2,875 shares during the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 1.0%

Shares of NASDAQ PFF opened at $31.13 on Friday. The firm has a market capitalization of $14.49 billion, a P/E ratio of 3.71 and a beta of 0.51. The stock’s 50-day simple moving average is $31.63 and its two-hundred day simple moving average is $30.80. iShares Preferred and Income Securities ETF has a twelve month low of $28.70 and a twelve month high of $33.58.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a $0.1707 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.6%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.