Bath Savings Trust Co Buys 34,796 Shares of iShares Preferred and Income Securities ETF $PFF

Bath Savings Trust Co bought a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 34,796 shares of the company’s stock, valued at approximately $1,026,000.

A number of other hedge funds also recently bought and sold shares of PFF. Cohen & Steers Inc. increased its holdings in shares of iShares Preferred and Income Securities ETF by 12,157.0% during the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock worth $27,997,000 after buying an additional 896,701 shares in the last quarter. Kentucky Trust Co boosted its holdings in shares of iShares Preferred and Income Securities ETF by 0.7% in the 2nd quarter. Kentucky Trust Co now owns 191,794 shares of the company’s stock worth $5,848,000 after acquiring an additional 1,414 shares in the last quarter. Capital Square LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $5,828,000. Compass Financial Management LLC bought a new stake in iShares Preferred and Income Securities ETF during the 2nd quarter worth approximately $4,351,000. Finally, Bessemer Group Inc. grew its position in iShares Preferred and Income Securities ETF by 32.1% during the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock worth $4,019,000 after acquiring an additional 32,230 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Down 0.5%

PFF stock traded down $0.15 during midday trading on Wednesday, reaching $29.37. The stock had a trading volume of 5,133,025 shares, compared to its average volume of 3,191,099. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 3.71 and a beta of 0.54. iShares Preferred and Income Securities ETF has a twelve month low of $29.15 and a twelve month high of $32.02. The business has a fifty day simple moving average of $30.25 and a two-hundred day simple moving average of $30.67.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.1594 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472. This represents a $1.91 dividend on an annualized basis and a yield of 6.5%.

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).