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

Kingswood Wealth Advisors LLC increased its position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 47.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,175 shares of the company’s stock after purchasing an additional 6,825 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Crescent Grove Advisors LLC raised its position in shares of iShares Preferred and Income Securities ETF by 3.8% in the 4th quarter. Crescent Grove Advisors LLC now owns 44,831 shares of the company’s stock valued at $1,409,000 after purchasing an additional 1,636 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in iShares Preferred and Income Securities ETF in the fourth quarter valued at $98,000. Vantage Wealth boosted its stake in iShares Preferred and Income Securities ETF by 6.5% during the 4th quarter. Vantage Wealth now owns 283,450 shares of the company’s stock valued at $8,912,000 after acquiring an additional 17,250 shares during the last quarter. Avior Wealth Management LLC grew its holdings in iShares Preferred and Income Securities ETF by 146.0% during the 4th quarter. Avior Wealth Management LLC now owns 18,433 shares of the company’s stock worth $580,000 after acquiring an additional 10,941 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of iShares Preferred and Income Securities ETF by 6.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock worth $48,913,000 after purchasing an additional 90,356 shares during the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock opened at $31.91 on Thursday. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $30.56 and a one year high of $33.59. The company’s 50-day simple moving average is $31.99 and its 200-day simple moving average is $32.36.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.1767 dividend. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.12 annualized dividend and a dividend yield of 6.64%.

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.