WoodTrust Financial Corp Invests $303,000 in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

WoodTrust Financial Corp purchased a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,110 shares of the company’s stock, valued at approximately $303,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Viewpoint Capital Management LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Preferred and Income Securities ETF in the second quarter worth $43,000. First PREMIER Bank acquired a new stake in iShares Preferred and Income Securities ETF in the third quarter valued at $53,000. Eastern Bank purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $71,000. Finally, Bogart Wealth LLC boosted its position in shares of 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 purchasing an additional 471 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.8 %

Shares of PFF opened at $32.80 on Thursday. iShares Preferred and Income Securities ETF has a 52-week low of $29.40 and a 52-week high of $33.59. The company has a 50-day simple moving average of $33.02 and a 200-day simple moving average of $32.11. The company has a market capitalization of $15.25 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

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

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.