Graypoint LLC Has $3.40 Million Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Graypoint LLC increased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 20.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,195 shares of the company’s stock after buying an additional 17,455 shares during the quarter. Graypoint LLC’s holdings in iShares Preferred and Income Securities ETF were worth $3,396,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PFF. Viewpoint Capital Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Preferred and Income Securities ETF in the second quarter valued at approximately $43,000. First PREMIER Bank bought a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at about $53,000. Eastern Bank acquired a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $71,000. Finally, Bogart Wealth LLC increased its stake in iShares Preferred and Income Securities ETF by 13.3% during the 3rd quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after acquiring an additional 471 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Down 0.8 %

Shares of iShares Preferred and Income Securities ETF stock opened at $32.80 on Thursday. iShares Preferred and Income Securities ETF has a 12-month low of $29.40 and a 12-month high of $33.59. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The firm’s 50-day moving average price is $33.02 and its two-hundred day moving average price is $32.11.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1653 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 6.05%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

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.