51,045 Shares in iShares Preferred and Income Securities ETF $PFF Acquired by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA acquired a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, HoldingsChannel reports. The firm acquired 51,045 shares of the company’s stock, valued at approximately $1,614,000.

Other hedge funds also recently bought and sold shares of the company. Hillsdale Investment Management Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 124.7% during the second quarter. Hillsdale Investment Management Inc. now owns 10,560 shares of the company’s stock worth $324,000 after purchasing an additional 5,860 shares during the last quarter. White Pine Capital LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 2.5% in the second quarter. White Pine Capital LLC now owns 144,102 shares of the company’s stock worth $4,421,000 after purchasing an additional 3,454 shares during the last quarter. Titleist Asset Management LLC increased its stake in iShares Preferred and Income Securities ETF by 10.3% in the 2nd quarter. Titleist Asset Management LLC now owns 11,112 shares of the company’s stock worth $341,000 after buying an additional 1,036 shares during the period. Patrick M Sweeney & Associates Inc. increased its stake in iShares Preferred and Income Securities ETF by 8.1% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 11,786 shares of the company’s stock worth $365,000 after buying an additional 881 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in iShares Preferred and Income Securities ETF by 6.9% during the 2nd quarter. Baird Financial Group Inc. now owns 1,001,603 shares of the company’s stock valued at $30,729,000 after buying an additional 65,031 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $30.90 on Wednesday. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 1 year low of $28.70 and a 1 year high of $32.26. The firm has a 50-day moving average of $31.51 and a two-hundred day moving average of $31.38.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0312 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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).