Greenleaf Trust Buys 30,217 Shares of iShares Preferred and Income Securities ETF $PFF

Greenleaf Trust raised its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.7% in the third quarter, Holdings Channel reports. The institutional investor owned 1,145,373 shares of the company’s stock after buying an additional 30,217 shares during the quarter. iShares Preferred and Income Securities ETF comprises about 0.3% of Greenleaf Trust’s portfolio, making the stock its 23rd biggest position. Greenleaf Trust’s holdings in iShares Preferred and Income Securities ETF were worth $36,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth about $2,549,000. NewEdge Advisors LLC grew its position in shares of iShares Preferred and Income Securities ETF by 28.1% during the 2nd quarter. NewEdge Advisors LLC now owns 359,311 shares of the company’s stock valued at $11,024,000 after purchasing an additional 78,817 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of iShares Preferred and Income Securities ETF by 6.9% in the second quarter. Baird Financial Group Inc. now owns 1,001,603 shares of the company’s stock worth $30,729,000 after purchasing an additional 65,031 shares during the period. SBI Securities Co. Ltd. raised its position in shares of iShares Preferred and Income Securities ETF by 14.3% in the second quarter. SBI Securities Co. Ltd. now owns 435,969 shares of the company’s stock worth $13,376,000 after buying an additional 54,528 shares in the last quarter. Finally, Parkside Investments LLC raised its position in shares of iShares Preferred and Income Securities ETF by 10.5% in the second quarter. Parkside Investments LLC now owns 495,428 shares of the company’s stock worth $15,200,000 after buying an additional 47,198 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ:PFF opened at $31.33 on Tuesday. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $32.28. The stock has a fifty day moving average of $30.98 and a 200 day moving average of $31.25. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.0659 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 2.5%.

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).