iShares Preferred and Income Securities ETF (NASDAQ:PFF) Shares Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC increased its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,831 shares of the company’s stock after purchasing an additional 1,636 shares during the period. Crescent Grove Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFF. First PREMIER Bank acquired a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at about $53,000. Hoese & Co LLP purchased a new position in iShares Preferred and Income Securities ETF in the 4th quarter worth approximately $53,000. BNP Paribas Financial Markets acquired a new position in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $67,000. Eastern Bank purchased a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at approximately $71,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $83,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF opened at $32.08 on Friday. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The firm has a market capitalization of $14.85 billion, a P/E ratio of 3.91 and a beta of 0.51. The stock’s fifty day moving average is $32.00 and its two-hundred day moving average is $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.1767 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.61%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

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.