Crestwood Advisors Group LLC Has $1.02 Million Stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Crestwood Advisors Group LLC grew its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,543 shares of the company’s stock after acquiring an additional 772 shares during the period. Crestwood Advisors Group LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,023,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares Preferred and Income Securities ETF by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 14,323 shares of the company’s stock valued at $476,000 after purchasing an additional 306 shares in the last quarter. Avior Wealth Management LLC lifted its stake in iShares Preferred and Income Securities ETF by 5.5% in the third quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock valued at $249,000 after buying an additional 390 shares during the period. Continuum Advisory LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 8.2% during the 3rd quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock worth $209,000 after buying an additional 484 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of iShares Preferred and Income Securities ETF by 0.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 65,845 shares of the company’s stock worth $2,188,000 after buying an additional 493 shares during the period. Finally, L.M. Kohn & Company increased its stake in shares of iShares Preferred and Income Securities ETF by 4.6% in the 3rd quarter. L.M. Kohn & Company now owns 11,643 shares of the company’s stock valued at $387,000 after acquiring an additional 512 shares in the last quarter. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Up 0.2 %

Shares of NASDAQ PFF opened at $31.69 on Tuesday. The firm has a market cap of $14.70 billion, a PE ratio of 3.91 and a beta of 0.51. The company’s fifty day simple moving average is $31.68 and its 200 day simple moving average is $32.36. iShares Preferred and Income Securities ETF has a 12-month low of $30.56 and a 12-month high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1755 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares Preferred and Income Securities ETF’s previous 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.