Montecito Bank & Trust Buys New Holdings in iShares Preferred and Income Securities ETF $PFF

Montecito Bank & Trust purchased a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,648 shares of the company’s stock, valued at approximately $1,254,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PFF. RPg Family Wealth Advisory LLC increased its holdings in shares of iShares Preferred and Income Securities ETF by 1.7% during the 1st quarter. RPg Family Wealth Advisory LLC now owns 174,541 shares of the company’s stock worth $5,364,000 after acquiring an additional 2,992 shares during the last quarter. Baird Financial Group Inc. boosted its position in iShares Preferred and Income Securities ETF by 9.1% during the first quarter. Baird Financial Group Inc. now owns 936,572 shares of the company’s stock worth $28,781,000 after purchasing an additional 77,810 shares during the period. Titleist Asset Management LLC increased its holdings in shares of iShares Preferred and Income Securities ETF by 4.1% in the first quarter. Titleist Asset Management LLC now owns 10,076 shares of the company’s stock valued at $310,000 after purchasing an additional 400 shares during the last quarter. Wilson & Boucher Capital Management LLC raised its position in shares of iShares Preferred and Income Securities ETF by 8.0% in the first quarter. Wilson & Boucher Capital Management LLC now owns 10,800 shares of the company’s stock valued at $332,000 after purchasing an additional 800 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 8.9% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 15,552 shares of the company’s stock worth $477,000 after buying an additional 1,274 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF opened at $31.15 on Friday. iShares Preferred and Income Securities ETF has a 52 week low of $28.70 and a 52 week high of $32.28. The firm has a market cap of $14.46 billion, a P/E ratio of 3.71 and a beta of 0.53. The firm’s 50-day simple moving average is $31.07 and its 200 day simple moving average is $31.16.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a dividend of $0.1755 per share. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Monday, December 1st.

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.