Cullen Frost Bankers Inc. Has $329,000 Stock Position in iShares Preferred and Income Securities ETF $PFF

Cullen Frost Bankers Inc. lowered its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,728 shares of the company’s stock after selling 588 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $329,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Community Bank N.A. grew its stake in iShares Preferred and Income Securities ETF by 1.2% in the second quarter. Community Bank N.A. now owns 123,237 shares of the company’s stock valued at $3,781,000 after acquiring an additional 1,441 shares during the period. NBT Bank N A NY grew its stake in iShares Preferred and Income Securities ETF by 6.2% in the second quarter. NBT Bank N A NY now owns 83,655 shares of the company’s stock valued at $2,567,000 after acquiring an additional 4,920 shares during the period. Prime Capital Investment Advisors LLC grew its stake in iShares Preferred and Income Securities ETF by 9.8% in the second quarter. Prime Capital Investment Advisors LLC now owns 46,198 shares of the company’s stock valued at $1,417,000 after acquiring an additional 4,136 shares during the period. Belpointe Asset Management LLC grew its stake in iShares Preferred and Income Securities ETF by 17.0% in the second quarter. Belpointe Asset Management LLC now owns 13,602 shares of the company’s stock valued at $417,000 after acquiring an additional 1,974 shares during the period. Finally, Duncan Williams Asset Management LLC acquired a new stake in iShares Preferred and Income Securities ETF in the second quarter valued at approximately $364,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $31.64 on Friday. iShares Preferred and Income Securities ETF has a 52 week low of $28.70 and a 52 week high of $33.31. The stock has a 50 day moving average price of $31.68 and a two-hundred day moving average price of $30.89. The stock has a market capitalization of $14.69 billion, a PE ratio of 3.71 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were issued a $0.1707 dividend. This is a boost 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 was Wednesday, October 1st.

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.