Arkadios Wealth Advisors Increases Position in iShares Preferred and Income Securities ETF $PFF

Arkadios Wealth Advisors lifted its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,275 shares of the company’s stock after buying an additional 5,473 shares during the period. Arkadios Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $2,432,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rossby Financial LCC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 1st quarter worth approximately $46,000. Pandora Wealth Inc. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 1st quarter worth approximately $77,000. Zions Bancorporation National Association UT purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 1st quarter worth approximately $169,000. Wellington Shields & Co. LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 9.8% during the 1st quarter. Wellington Shields & Co. LLC now owns 6,140 shares of the company’s stock worth $189,000 after purchasing an additional 550 shares during the last quarter. Finally, Titleist Asset Management LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 4.1% during the 1st quarter. Titleist Asset Management LLC now owns 10,076 shares of the company’s stock worth $310,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.7%

Shares of PFF stock opened at $31.31 on Friday. The company has a 50 day moving average of $31.68 and a 200-day moving average of $30.96. iShares Preferred and Income Securities ETF has a 12-month low of $28.70 and a 12-month high of $33.31. The firm has a market cap of $14.54 billion, a P/E ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.1707 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Wednesday, October 1st. This is an increase 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.