Fortis Group Advisors LLC Grows Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Fortis Group Advisors LLC grew its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,246 shares of the company’s stock after acquiring an additional 1,953 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $2,534,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Fisher Asset Management LLC purchased a new position in iShares Preferred and Income Securities ETF in the 4th quarter worth $310,000. AdvisorNet Financial Inc lifted its holdings in shares of iShares Preferred and Income Securities ETF by 11.4% during the first quarter. AdvisorNet Financial Inc now owns 3,938 shares of the company’s stock worth $127,000 after purchasing an additional 404 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in iShares Preferred and Income Securities ETF in the first quarter valued at approximately $56,000. Atlantic Union Bankshares Corp increased its holdings in iShares Preferred and Income Securities ETF by 5.6% in the 1st quarter. Atlantic Union Bankshares Corp now owns 18,982 shares of the company’s stock worth $612,000 after buying an additional 1,000 shares during the period. Finally, Financial Management Professionals Inc. lifted 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 valued at $208,000 after acquiring an additional 1,023 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Up 0.1 %

Shares of NASDAQ:PFF traded up $0.04 during midday trading on Tuesday, reaching $33.16. The company’s stock had a trading volume of 482,261 shares, compared to its average volume of 3,989,054. The firm has a market capitalization of $15.42 billion, a PE ratio of 3.91 and a beta of 0.51. The stock has a fifty day moving average of $32.82 and a 200 day moving average of $31.98. iShares Preferred and Income Securities ETF has a twelve month low of $28.32 and a twelve month high of $33.59.

iShares Preferred and Income Securities ETF Dividend Announcement

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

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.