Dorsey & Whitney Trust CO LLC Makes New $330,000 Investment in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Dorsey & Whitney Trust CO LLC bought a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 10,460 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors also recently made changes to their positions in PFF. Ashton Thomas Private Wealth LLC grew its position in shares of iShares Preferred and Income Securities ETF by 5.5% during the second quarter. Ashton Thomas Private Wealth LLC now owns 39,060 shares of the company’s stock worth $1,232,000 after acquiring an additional 2,026 shares during the last quarter. HCR Wealth Advisors grew its position in iShares Preferred and Income Securities ETF by 3.7% in the 2nd quarter. HCR Wealth Advisors now owns 42,130 shares of the company’s stock worth $1,329,000 after purchasing an additional 1,508 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of iShares Preferred and Income Securities ETF by 1,175.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 19,134 shares of the company’s stock valued at $604,000 after purchasing an additional 17,634 shares during the period. SouthState Corp raised its holdings in shares of iShares Preferred and Income Securities ETF by 2.5% during the second quarter. SouthState Corp now owns 93,183 shares of the company’s stock valued at $2,940,000 after buying an additional 2,254 shares during the last quarter. Finally, Capital Square LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 12.5% during the second quarter. Capital Square LLC now owns 315,807 shares of the company’s stock worth $10,081,000 after buying an additional 35,074 shares during the period. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock opened at $32.84 on Friday. iShares Preferred and Income Securities ETF has a 12-month low of $28.15 and a 12-month high of $32.87. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The business has a 50 day simple moving average of $31.95 and a 200 day simple moving average of $31.77.

iShares Preferred and Income Securities ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1632 per share. 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.