Eastern Bank Takes Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Eastern Bank bought a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,150 shares of the company’s stock, valued at approximately $71,000.

A number of other large investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp raised its holdings in shares of iShares Preferred and Income Securities ETF by 5.6% in the first 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 in the last quarter. Financial Management Professionals Inc. raised its holdings in iShares Preferred and Income Securities ETF by 18.9% in the first quarter. Financial Management Professionals Inc. now owns 6,445 shares of the company’s stock worth $208,000 after purchasing an additional 1,023 shares in the last quarter. Webster Bank N. A. raised its holdings in iShares Preferred and Income Securities ETF by 34.8% in the first quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock worth $60,000 after purchasing an additional 482 shares in the last quarter. Carret Asset Management LLC raised its holdings in 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 in the last quarter. Finally, Redmont Wealth Advisors LLC raised its holdings in 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. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock opened at $32.99 on Friday. iShares Preferred and Income Securities ETF has a fifty-two week low of $28.38 and a fifty-two week high of $33.59. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The stock’s 50-day simple moving average is $32.93 and its 200-day simple moving average is $32.01.

iShares Preferred and Income Securities ETF Announces Dividend

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

iShares Preferred and Income Securities ETF Company 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.