Kingswood Wealth Advisors LLC Acquires 20,097 Shares of iShares Preferred and Income Securities ETF $PFF

Kingswood Wealth Advisors LLC grew its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 151.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,348 shares of the company’s stock after buying an additional 20,097 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Roxbury Financial LLC grew its holdings in iShares Preferred and Income Securities ETF by 2,833.3% during the second quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock worth $43,000 after buying an additional 1,360 shares in the last quarter. NBH Bank purchased a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at $46,000. First Bancorp Inc ME purchased a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at $47,000. American National Bank & Trust bought a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at $58,000. Finally, Ascentis Independent Advisors bought a new position in iShares Preferred and Income Securities ETF during the 1st quarter valued at $59,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

PFF opened at $28.76 on Thursday. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 3.71 and a beta of 0.54. The firm’s fifty day moving average price is $29.74 and its two-hundred day moving average price is $30.73. iShares Preferred and Income Securities ETF has a 1 year low of $28.64 and a 1 year high of $32.02.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.1594 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472. This represents a $1.91 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Thursday, October 1st.

About iShares Preferred and Income Securities ETF

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).