Laurel Wealth Advisors Inc. Has $1.06 Million Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Posted by on Jun 13th, 2023

Laurel Wealth Advisors Inc. boosted its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF – Get Rating) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,794 shares of the company’s stock after purchasing an additional 4,783 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $1,062,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in iShares Preferred and Income Securities ETF in the first quarter valued at approximately $152,000. Baird Financial Group Inc. lifted its stake in iShares Preferred and Income Securities ETF by 1.6% in the first quarter. Baird Financial Group Inc. now owns 796,440 shares of the company’s stock valued at $29,006,000 after buying an additional 12,581 shares in the last quarter. Worth Asset Management LLC bought a new position in iShares Preferred and Income Securities ETF in the first quarter valued at approximately $564,000. SS&H Financial Advisors Inc. bought a new position in iShares Preferred and Income Securities ETF in the first quarter valued at approximately $4,462,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the first quarter worth $4,675,000. Institutional investors and hedge funds own 6.55% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.1 %

Shares of PFF stock opened at $30.69 on Tuesday. The company’s fifty day simple moving average is $30.14 and its 200-day simple moving average is $30.87. The firm has a market cap of $12.92 billion, a PE ratio of 8.31 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 12 month low of $29.18 and a 12 month high of $35.40.

iShares Preferred and Income Securities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 7th. Stockholders of record on Friday, June 2nd were given a $0.1651 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date was Thursday, June 1st.

iShares Preferred and Income Securities ETF Company Profile

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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.

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Institutional Ownership by Quarter for iShares Preferred and Income Securities ETF (NASDAQ:PFF)

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