Canandaigua National Bank & Trust Co. Acquires Shares of 37,814 iShares Preferred and Income Securities ETF $PFF

Canandaigua National Bank & Trust Co. acquired a new stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,814 shares of the company’s stock, valued at approximately $1,153,000.

A number of other institutional investors also recently modified their holdings of the company. Keynote Financial Services LLC lifted its position in iShares Preferred and Income Securities ETF by 160.9% in the 4th quarter. Keynote Financial Services LLC now owns 45,620 shares of the company’s stock valued at $1,412,000 after acquiring an additional 28,132 shares in the last quarter. Bessemer Group Inc. boosted its stake in iShares Preferred and Income Securities ETF by 32.1% during the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock valued at $4,019,000 after purchasing an additional 32,230 shares during the last quarter. Cohen & Steers Inc. increased its holdings in iShares Preferred and Income Securities ETF by 12,157.0% during the 4th quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock worth $27,997,000 after purchasing an additional 896,701 shares in the last quarter. Graetz Wealth LLC bought a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $1,623,000. Finally, Hudson Edge Investment Partners Inc. bought a new stake in iShares Preferred and Income Securities ETF during the 1st quarter worth approximately $529,000. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Stock Up 0.0%

Shares of NASDAQ:PFF opened at $30.74 on Thursday. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12-month low of $30.10 and a 12-month high of $32.26. The business’s 50 day moving average is $30.72 and its 200 day moving average is $31.06.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.1423 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 5.6%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).