Jones Financial Companies Lllp Buys 41,428 Shares of iShares Preferred and Income Securities ETF $PFF

Jones Financial Companies Lllp increased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 11.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 401,773 shares of the company’s stock after buying an additional 41,428 shares during the period. Jones Financial Companies Lllp’s holdings in iShares Preferred and Income Securities ETF were worth $12,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC grew its position in shares of iShares Preferred and Income Securities ETF by 17.0% during the 2nd quarter. Belpointe Asset Management LLC now owns 13,602 shares of the company’s stock valued at $417,000 after acquiring an additional 1,974 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 9.8% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 46,198 shares of the company’s stock worth $1,417,000 after purchasing an additional 4,136 shares during the period. NBT Bank N A NY lifted its stake in iShares Preferred and Income Securities ETF by 6.2% in the second quarter. NBT Bank N A NY now owns 83,655 shares of the company’s stock valued at $2,567,000 after purchasing an additional 4,920 shares during the last quarter. Community Bank N.A. grew its holdings in iShares Preferred and Income Securities ETF by 1.2% during the second quarter. Community Bank N.A. now owns 123,237 shares of the company’s stock valued at $3,781,000 after purchasing an additional 1,441 shares during the period. Finally, Providence First Trust Co increased its position in iShares Preferred and Income Securities ETF by 32.6% in the second quarter. Providence First Trust Co now owns 47,148 shares of the company’s stock worth $1,446,000 after buying an additional 11,587 shares during the last quarter. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF opened at $31.44 on Thursday. iShares Preferred and Income Securities ETF has a 1 year low of $28.70 and a 1 year high of $32.26. The stock’s fifty day moving average price is $31.30 and its two-hundred day moving average price is $31.37. The firm has a market cap of $14.06 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.1772 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.8%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.07.

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. 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).