Blue Edge Capital LLC Buys Shares of 67,832 iShares Preferred and Income Securities ETF $PFF

Blue Edge Capital LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 67,832 shares of the company’s stock, valued at approximately $2,068,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PFF. Cohen & Steers Inc. raised its stake in iShares Preferred and Income Securities ETF by 12,157.0% during the 4th quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after acquiring an additional 896,701 shares in the last quarter. Horizon Investments LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the third quarter valued at $10,608,000. Capital Square LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter valued at about $5,828,000. Compass Financial Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter valued at about $4,351,000. Finally, Amicus Financial Advisors LLC acquired a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth about $3,270,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Down 0.7%

Shares of PFF opened at $30.18 on Thursday. The firm has a market capitalization of $13.06 billion, a PE ratio of 3.71 and a beta of 0.53. The firm has a 50-day moving average price of $30.48 and a 200 day moving average price of $30.86. iShares Preferred and Income Securities ETF has a 52-week low of $30.06 and a 52-week high of $32.26.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.1472 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Tuesday, September 1st.

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. 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).