First Commonwealth Financial Corp PA Invests $1.61 Million in iShares Preferred and Income Securities ETF $PFF

First Commonwealth Financial Corp PA purchased a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 51,045 shares of the company’s stock, valued at approximately $1,614,000.

A number of other institutional investors also recently bought and sold shares of PFF. CX Institutional bought a new position in iShares Preferred and Income Securities ETF during the third quarter valued at $571,000. Baird Financial Group Inc. raised its stake in shares of iShares Preferred and Income Securities ETF by 6.9% in the second quarter. Baird Financial Group Inc. now owns 1,001,603 shares of the company’s stock valued at $30,729,000 after acquiring an additional 65,031 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth about $748,000. SVB Wealth LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth about $2,549,000. Finally, White Pine Capital LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 2.5% during the 2nd quarter. White Pine Capital LLC now owns 144,102 shares of the company’s stock worth $4,421,000 after purchasing an additional 3,454 shares during the period. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Trading Up 0.5%

Shares of NASDAQ:PFF opened at $30.90 on Wednesday. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $32.26. The firm’s 50-day moving average is $31.51 and its 200 day moving average is $31.38.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0312 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, March 2nd.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).