White Pine Capital LLC Boosts Stake in iShares Preferred and Income Securities ETF $PFF

White Pine Capital LLC lifted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,102 shares of the company’s stock after buying an additional 3,454 shares during the period. iShares Preferred and Income Securities ETF makes up approximately 1.4% of White Pine Capital LLC’s portfolio, making the stock its 11th biggest holding. White Pine Capital LLC’s holdings in iShares Preferred and Income Securities ETF were worth $4,421,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. increased its position in shares of iShares Preferred and Income Securities ETF by 9.1% during the first quarter. Baird Financial Group Inc. now owns 936,572 shares of the company’s stock valued at $28,781,000 after acquiring an additional 77,810 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of iShares Preferred and Income Securities ETF by 14.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 435,969 shares of the company’s stock valued at $13,376,000 after purchasing an additional 54,528 shares during the last quarter. Parkside Investments LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 10.5% during the 2nd quarter. Parkside Investments LLC now owns 495,428 shares of the company’s stock worth $15,200,000 after purchasing an additional 47,198 shares during the period. Sierra Capital LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 106.3% in the 2nd quarter. Sierra Capital LLC now owns 83,384 shares of the company’s stock worth $2,558,000 after buying an additional 42,972 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in iShares Preferred and Income Securities ETF by 385.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 45,000 shares of the company’s stock valued at $1,383,000 after buying an additional 35,739 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF opened at $30.31 on Friday. The company has a market capitalization of $14.07 billion, a PE ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $32.98. The company has a 50-day simple moving average of $31.46 and a 200 day simple moving average of $31.07.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.1707 per share. The ex-dividend date was Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 6.8%.

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.