Verity Asset Management Inc. Purchases 23,642 Shares of iShares Preferred and Income Securities ETF $PFF

Verity Asset Management Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,642 shares of the company’s stock, valued at approximately $697,000.

Other institutional investors have also recently made changes to their positions in the company. Compass Financial Management LLC boosted its stake in iShares Preferred and Income Securities ETF by 4.8% during the third quarter. Compass Financial Management LLC now owns 149,071 shares of the company’s stock valued at $4,398,000 after buying an additional 6,866 shares during the last quarter. First Nebraska Trust Co bought a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $405,000. Greenleaf Trust bought a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $20,190,000. Payden & Rygel purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $50,000. Finally, BOKF NA purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $145,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF opened at $28.72 on Thursday. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 3.71 and a beta of 0.55. iShares Preferred and Income Securities ETF has a 1 year low of $28.22 and a 1 year high of $32.02. The business’s 50 day simple moving average is $29.53 and its 200-day simple moving average is $30.65.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be given a $0.1761 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594. This represents a $2.11 annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, November 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).