Arkadios Wealth Advisors Has $2.44 Million Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Arkadios Wealth Advisors decreased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,671 shares of the company’s stock after selling 16,384 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Preferred and Income Securities ETF were worth $2,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of iShares Preferred and Income Securities ETF by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after acquiring an additional 491,005 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in iShares Preferred and Income Securities ETF during the third quarter valued at approximately $67,000. HCR Wealth Advisors grew its holdings in iShares Preferred and Income Securities ETF by 1.9% during the fourth quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock valued at $1,343,000 after purchasing an additional 800 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter valued at approximately $4,669,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of iShares Preferred and Income Securities ETF by 11.6% in the fourth quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock worth $214,000 after buying an additional 705 shares during the last quarter. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Up 0.2 %

NASDAQ:PFF opened at $31.75 on Friday. The firm has a market capitalization of $14.69 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1 year low of $30.56 and a 1 year high of $33.59. The firm’s fifty day simple moving average is $32.08 and its 200 day simple moving average is $32.34.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.1767 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. This represents a $2.12 annualized dividend and a dividend yield of 6.68%. The ex-dividend date was Wednesday, December 18th.

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.