Blue Edge Capital LLC Buys New Position in iShares Preferred and Income Securities ETF $PFF

Blue Edge Capital LLC bought a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 67,832 shares of the company’s stock, valued at approximately $2,068,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFF. Brown Brothers Harriman & Co. bought a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter valued at about $33,000. Roxbury Financial LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 2,833.3% in the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock worth $43,000 after purchasing an additional 1,360 shares in the last quarter. NBH Bank bought a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $46,000. First Bancorp Inc ME acquired a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at approximately $47,000. Finally, Princeton Global Asset Management LLC boosted its holdings in iShares Preferred and Income Securities ETF by 36.6% during the first quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock worth $49,000 after buying an additional 431 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

iShares Preferred and Income Securities ETF stock opened at $30.18 on Thursday. The firm has a market cap of $13.06 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 $30.06 and a 1 year high of $32.26. The firm’s 50 day moving average price is $30.48 and its two-hundred day moving average price is $30.86.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.1472 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 5.9%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

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).