Canandaigua National Bank & Trust Co. Makes New Investment in iShares Preferred and Income Securities ETF $PFF

Canandaigua National Bank & Trust Co. bought a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) during the second quarter, Holdings Channel.com reports. The firm bought 37,814 shares of the company’s stock, valued at approximately $1,153,000.

Several other institutional investors also recently modified their holdings of PFF. Dynamic Wealth Strategies LLC increased its position in shares of iShares Preferred and Income Securities ETF by 2.2% during the first quarter. Dynamic Wealth Strategies LLC now owns 15,700 shares of the company’s stock valued at $476,000 after acquiring an additional 341 shares during the last quarter. Sound Income Strategies LLC boosted its position in iShares Preferred and Income Securities ETF by 4.2% in the fourth quarter. Sound Income Strategies LLC now owns 9,913 shares of the company’s stock worth $315,000 after purchasing an additional 402 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of iShares Preferred and Income Securities ETF by 36.6% during the 1st quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock valued at $49,000 after purchasing an additional 431 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of iShares Preferred and Income Securities ETF by 2.1% during the 4th quarter. North Star Investment Management Corp. now owns 26,719 shares of the company’s stock valued at $827,000 after purchasing an additional 542 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 4.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 13,574 shares of the company’s stock worth $420,000 after purchasing an additional 549 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

NASDAQ PFF opened at $30.74 on Thursday. The business’s fifty day moving average is $30.72 and its 200-day moving average is $31.06. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a one year low of $30.10 and a one year high of $32.26.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be given a $0.1423 dividend. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, August 3rd.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).