Greenleaf Trust Acquires Shares of 725,201 iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Greenleaf Trust bought a new stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 4th quarter, Holdings Channel.com reports. The fund bought 725,201 shares of the company’s stock, valued at approximately $22,619,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in shares of iShares Preferred and Income Securities ETF during the first quarter worth $152,000. Baird Financial Group Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 1.6% during the first quarter. Baird Financial Group Inc. now owns 796,440 shares of the company’s stock worth $29,006,000 after purchasing an additional 12,581 shares during the period. Laurel Wealth Advisors Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 2.2% during the first quarter. Laurel Wealth Advisors Inc. now owns 28,765 shares of the company’s stock worth $1,048,000 after purchasing an additional 622 shares during the period. Worth Asset Management LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF during the first quarter worth $564,000. Finally, SS&H Financial Advisors Inc. bought a new position in iShares Preferred and Income Securities ETF during the first quarter worth about $4,462,000. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Performance

PFF stock traded up $0.18 during midday trading on Friday, hitting $30.90. 3,323,989 shares of the company’s stock were exchanged, compared to its average volume of 4,821,384. The stock’s fifty day moving average price is $31.93 and its 200-day moving average price is $30.94. The company has a market cap of $14.22 billion, a PE ratio of 3.83 and a beta of 0.52. iShares Preferred and Income Securities ETF has a one year low of $28.15 and a one year high of $32.66.

iShares Preferred and Income Securities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.1561 per share. The ex-dividend date was Monday, April 1st. This represents a $1.87 annualized dividend and a yield of 6.06%.

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.