Arkadios Wealth Advisors Buys 14,617 Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Arkadios Wealth Advisors lifted its stake in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 18.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,055 shares of the company’s stock after acquiring an additional 14,617 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $3,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PFF. Atlantic Union Bankshares Corp grew its position in shares of iShares Preferred and Income Securities ETF by 5.6% during the 1st quarter. Atlantic Union Bankshares Corp now owns 18,982 shares of the company’s stock valued at $612,000 after acquiring an additional 1,000 shares during the period. Financial Management Professionals Inc. raised its stake in iShares Preferred and Income Securities ETF by 18.9% during the 1st quarter. Financial Management Professionals Inc. now owns 6,445 shares of the company’s stock worth $208,000 after acquiring an additional 1,023 shares during the period. Webster Bank N. A. lifted its holdings in iShares Preferred and Income Securities ETF by 34.8% during the first quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock valued at $60,000 after purchasing an additional 482 shares in the last quarter. Carret Asset Management LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 7.2% in the first quarter. Carret Asset Management LLC now owns 22,316 shares of the company’s stock worth $719,000 after purchasing an additional 1,507 shares during the period. Finally, Redmont Wealth Advisors LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 25.7% in the first quarter. Redmont Wealth Advisors LLC now owns 128,152 shares of the company’s stock worth $4,130,000 after purchasing an additional 26,165 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.1 %

iShares Preferred and Income Securities ETF stock traded down $0.04 during mid-day trading on Friday, hitting $32.99. The stock had a trading volume of 2,455,022 shares, compared to its average volume of 3,993,913. The firm’s 50 day moving average is $32.93 and its 200 day moving average is $32.01. The firm has a market capitalization of $15.37 billion, a P/E ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a one year low of $28.38 and a one year high of $33.59.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1632 per share. The ex-dividend date of this dividend was Tuesday, September 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.