iShares Preferred and Income Securities ETF $PFF Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. grew its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 220.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,617 shares of the company’s stock after purchasing an additional 94,639 shares during the period. Bessemer Group Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $4,351,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Belpointe Asset Management LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 17.0% during the second quarter. Belpointe Asset Management LLC now owns 13,602 shares of the company’s stock worth $417,000 after purchasing an additional 1,974 shares during the period. Community Bank N.A. raised its position in iShares Preferred and Income Securities ETF by 1.2% during the 2nd quarter. Community Bank N.A. now owns 123,237 shares of the company’s stock worth $3,781,000 after buying an additional 1,441 shares during the last quarter. Providence First Trust Co lifted its stake in shares of iShares Preferred and Income Securities ETF by 32.6% in the 2nd quarter. Providence First Trust Co now owns 47,148 shares of the company’s stock worth $1,446,000 after acquiring an additional 11,587 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of iShares Preferred and Income Securities ETF by 7.4% in the second quarter. Arkadios Wealth Advisors now owns 79,275 shares of the company’s stock valued at $2,432,000 after acquiring an additional 5,473 shares in the last quarter. Finally, Wellington Shields Capital Management LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 14.1% in the second quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock valued at $126,000 after acquiring an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 1.0%

NASDAQ PFF opened at $31.47 on Friday. The stock has a market capitalization of $14.03 billion, a P/E ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $32.26. The firm has a 50-day moving average price of $31.31 and a 200 day moving average price of $31.37.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1772 per share. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

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).