Canandaigua National Bank & Trust Co. Boosts Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Canandaigua National Bank & Trust Co. raised its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 141,360 shares of the company’s stock after purchasing an additional 864 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in iShares Preferred and Income Securities ETF were worth $4,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PFF. Nations Financial Group Inc. IA ADV grew its holdings in iShares Preferred and Income Securities ETF by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 14,323 shares of the company’s stock worth $476,000 after buying an additional 306 shares in the last quarter. Stolper Co lifted its position in shares of iShares Preferred and Income Securities ETF by 2.5% in the second quarter. Stolper Co now owns 15,413 shares of the company’s stock worth $486,000 after purchasing an additional 371 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of iShares Preferred and Income Securities ETF by 5.5% in the 3rd quarter. Avior Wealth Management LLC now owns 7,492 shares of the company’s stock valued at $249,000 after buying an additional 390 shares in the last quarter. Bogart Wealth LLC grew its stake in iShares Preferred and Income Securities ETF by 13.3% in the 3rd quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock valued at $134,000 after buying an additional 471 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in iShares Preferred and Income Securities ETF by 8.2% in the 3rd quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock valued at $209,000 after purchasing an additional 484 shares during the period. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

NASDAQ PFF traded down $0.08 during trading on Monday, reaching $31.97. 5,208,298 shares of the company traded hands, compared to its average volume of 4,558,551. The stock’s 50 day moving average price is $32.36 and its two-hundred day moving average price is $32.35. iShares Preferred and Income Securities ETF has a 1-year low of $30.56 and a 1-year high of $33.59. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.1767 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date was Wednesday, December 18th. This represents a $2.12 annualized dividend and a yield of 6.63%.

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.