Arkadios Wealth Advisors Has $3.36 Million Position in iShares Preferred and Income Securities ETF $PFF

Arkadios Wealth Advisors boosted its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 28.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,844 shares of the company’s stock after buying an additional 24,348 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $3,361,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. FCA Corp TX boosted its position in iShares Preferred and Income Securities ETF by 9.1% during the first quarter. FCA Corp TX now owns 22,906 shares of the company’s stock valued at $695,000 after purchasing an additional 1,901 shares during the last quarter. Keynote Financial Services LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 15.0% in the 1st quarter. Keynote Financial Services LLC now owns 52,468 shares of the company’s stock valued at $1,591,000 after buying an additional 6,848 shares in the last quarter. Dynamic Wealth Strategies LLC raised its position in iShares Preferred and Income Securities ETF by 2.2% during the first quarter. Dynamic Wealth Strategies LLC now owns 15,700 shares of the company’s stock valued at $476,000 after acquiring an additional 341 shares in the last quarter. Mathes Company Inc. raised its position in iShares Preferred and Income Securities ETF by 7.0% during the first quarter. Mathes Company Inc. now owns 53,850 shares of the company’s stock valued at $1,633,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in iShares Preferred and Income Securities ETF by 32.1% in the first quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock valued at $4,019,000 after acquiring an additional 32,230 shares during the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Up 0.1%

iShares Preferred and Income Securities ETF stock opened at $30.47 on Friday. The company has a market capitalization of $13.23 billion, a P/E ratio of 3.71 and a beta of 0.53. The firm’s fifty day simple moving average is $30.75 and its 200-day simple moving average is $31.09. iShares Preferred and Income Securities ETF has a 1-year low of $30.10 and a 1-year high of $32.26.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.1417 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

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).