76,840 Shares in iShares Preferred and Income Securities ETF $PFF Bought by NBT Bank N.A.

NBT Bank N.A. bought a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 3rd quarter, HoldingsChannel reports. The firm bought 76,840 shares of the company’s stock, valued at approximately $2,267,000.

Several other hedge funds have also bought and sold shares of the stock. Wavvest Wealth LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth $1,520,000. Bank of Stockton purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at $4,114,000. Delta Capital Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $497,000. Lodestone Wealth Management LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 17.2% during the 3rd quarter. Lodestone Wealth Management LLC now owns 2,376 shares of the company’s stock worth $70,000 after acquiring an additional 348 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 6.5% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 17,083 shares of the company’s stock worth $504,000 after acquiring an additional 1,048 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ:PFF opened at $28.81 on Friday. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $32.02. The firm has a fifty day moving average of $29.88 and a 200 day moving average of $30.56. The firm has a market capitalization of $11.92 billion, a PE ratio of 3.71 and a beta of 0.54.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1594 per share. The ex-dividend date 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 6.6%.

About iShares Preferred and Income Securities ETF

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).