Arkadios Wealth Advisors Boosts Stock Position in iShares Preferred and Income Securities ETF $PFF

Arkadios Wealth Advisors grew its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 79,275 shares of the company’s stock after buying an additional 5,473 shares during the period. Arkadios Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rossby Financial LCC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the first quarter worth $46,000. Pandora Wealth Inc. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the first quarter worth $77,000. Zions Bancorporation National Association UT purchased a new stake in shares of iShares Preferred and Income Securities ETF during the first quarter worth $169,000. Wellington Shields & Co. LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 9.8% during the first quarter. Wellington Shields & Co. LLC now owns 6,140 shares of the company’s stock worth $189,000 after acquiring an additional 550 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 4.1% during the first quarter. Titleist Asset Management LLC now owns 10,076 shares of the company’s stock worth $310,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ:PFF opened at $31.31 on Friday. The company has a market cap of $14.54 billion, a P/E ratio of 3.71 and a beta of 0.53. The stock’s fifty day moving average price is $31.68 and its two-hundred day moving average price is $30.96. iShares Preferred and Income Securities ETF has a 1 year low of $28.70 and a 1 year high of $33.31.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.1707 per share. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Wednesday, October 1st.

iShares Preferred and Income Securities ETF Company 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.