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

Crestwood Advisors Group LLC grew its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,543 shares of the company’s stock after purchasing an additional 772 shares during the quarter. Crestwood Advisors Group LLC’s holdings in iShares Preferred and Income Securities ETF were worth $1,023,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PFF. First Interstate Bank increased its stake in shares of iShares Preferred and Income Securities ETF by 0.6% during the 3rd quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock worth $54,870,000 after purchasing an additional 10,148 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in iShares Preferred and Income Securities ETF by 6.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock valued at $48,913,000 after purchasing an additional 90,356 shares during the period. JPMorgan Chase & Co. increased its position in iShares Preferred and Income Securities ETF by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after buying an additional 491,005 shares during the last quarter. Hilton Capital Management LLC raised its stake in shares of iShares Preferred and Income Securities ETF by 19.9% in the third quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after buying an additional 239,661 shares during the period. Finally, Greenleaf Trust raised its stake in shares of iShares Preferred and Income Securities ETF by 4.9% in the fourth quarter. Greenleaf Trust now owns 1,085,296 shares of the company’s stock valued at $34,122,000 after buying an additional 50,885 shares during the period. 4.70% of the stock is owned by hedge funds and other institutional investors.

iShares Preferred and Income Securities ETF Stock Performance

PFF stock opened at $31.69 on Tuesday. The stock has a fifty day moving average of $31.68 and a 200-day moving average of $32.36. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.56 and a fifty-two week high of $33.59. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1755 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares Preferred and Income Securities ETF’s previous dividend of $0.16.

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.