Canandaigua National Trust Co of Florida Buys 7,014 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Canandaigua National Trust Co of Florida boosted its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,683 shares of the company’s stock after purchasing an additional 7,014 shares during the quarter. iShares Preferred and Income Securities ETF comprises 1.6% of Canandaigua National Trust Co of Florida’s holdings, making the stock its 14th largest holding. Canandaigua National Trust Co of Florida’s holdings in iShares Preferred and Income Securities ETF were worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First PREMIER Bank acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth $53,000. BNP Paribas Financial Markets purchased a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter worth approximately $67,000. Eastern Bank acquired a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at approximately $71,000. Bogart Wealth LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 13.3% in the third quarter. Bogart Wealth LLC now owns 4,025 shares of the company’s stock worth $134,000 after buying an additional 471 shares during the last quarter. Finally, Zions Bancorporation N.A. acquired a new stake in shares of iShares Preferred and Income Securities ETF during the second quarter worth $174,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

PFF stock traded down $0.08 during midday trading on Monday, reaching $31.97. The stock had a trading volume of 5,208,298 shares, compared to its average volume of 4,558,551. The firm has a fifty day simple moving average of $32.36 and a two-hundred day simple moving average of $32.35. iShares Preferred and Income Securities ETF has a 52-week low of $30.56 and a 52-week high of $33.59. The stock has a market cap of $14.71 billion, a PE ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. This is an increase 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 dividend on an annualized basis and a dividend 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.