Prime Capital Investment Advisors LLC Acquires 2,496 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Prime Capital Investment Advisors LLC boosted its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,633 shares of the company’s stock after acquiring an additional 2,496 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,084,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Viewpoint Capital Management LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $43,000. First PREMIER Bank purchased a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $53,000. Eastern Bank bought a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at approximately $71,000. Finally, Bogart Wealth LLC raised its stake in iShares Preferred and Income Securities ETF by 13.3% during the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after buying an additional 471 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.2 %

NASDAQ PFF opened at $32.61 on Friday. iShares Preferred and Income Securities ETF has a 12 month low of $29.83 and a 12 month high of $33.59. The stock’s fifty day moving average price is $33.08 and its 200-day moving average price is $32.17. The stock has a market cap of $15.16 billion, a P/E ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1653 per share. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16. This represents a $1.98 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date was Friday, November 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.