Community Bank N.A. Has $3.78 Million Stock Holdings in iShares Preferred and Income Securities ETF $PFF

Community Bank N.A. grew its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.2% during the 2nd quarter, Holdings Channel reports. The firm owned 123,237 shares of the company’s stock after purchasing an additional 1,441 shares during the quarter. Community Bank N.A.’s holdings in iShares Preferred and Income Securities ETF were worth $3,781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 98.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,690 shares of the company’s stock valued at $52,000 after purchasing an additional 840 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 33.5% in the 1st quarter. GAMMA Investing LLC now owns 192,028 shares of the company’s stock valued at $5,901,000 after purchasing an additional 48,203 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of iShares Preferred and Income Securities ETF by 1.9% in the 1st quarter. Bessemer Group Inc. now owns 69,664 shares of the company’s stock valued at $2,141,000 after purchasing an additional 1,300 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 1st quarter valued at $77,000. Finally, Wellington Shields & Co. LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 9.8% in the 1st quarter. Wellington Shields & Co. LLC now owns 6,140 shares of the company’s stock valued at $189,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.7%

iShares Preferred and Income Securities ETF stock opened at $31.35 on Tuesday. The stock has a 50-day simple moving average of $31.63 and a 200 day simple moving average of $30.80. iShares Preferred and Income Securities ETF has a 12-month low of $28.70 and a 12-month high of $33.58. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a $0.1707 dividend. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.