Oak Family Advisors LLC Acquires Shares of 135,760 iShares Preferred and Income Securities ETF $PFF

Oak Family Advisors LLC purchased a new position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 135,760 shares of the company’s stock, valued at approximately $4,293,000. iShares Preferred and Income Securities ETF accounts for approximately 1.1% of Oak Family Advisors LLC’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 8.9% in the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 15,552 shares of the company’s stock valued at $477,000 after buying an additional 1,274 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in iShares Preferred and Income Securities ETF by 2.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 197,055 shares of the company’s stock worth $6,046,000 after acquiring an additional 5,261 shares in the last quarter. Peoples Bank KS lifted its holdings in iShares Preferred and Income Securities ETF by 0.3% in the second quarter. Peoples Bank KS now owns 130,024 shares of the company’s stock valued at $3,989,000 after acquiring an additional 359 shares during the period. Stolper Co grew its stake in shares of iShares Preferred and Income Securities ETF by 7.1% during the 2nd quarter. Stolper Co now owns 16,606 shares of the company’s stock worth $509,000 after purchasing an additional 1,104 shares during the period. Finally, Bank of Stockton increased its holdings in shares of iShares Preferred and Income Securities ETF by 1.9% in the 2nd quarter. Bank of Stockton now owns 155,828 shares of the company’s stock valued at $4,781,000 after purchasing an additional 2,875 shares in the last quarter. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.1%

PFF stock opened at $31.38 on Friday. The firm has a 50 day moving average of $30.97 and a 200-day moving average of $31.26. The company has a market cap of $14.17 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 $28.70 and a 12-month high of $32.28.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.0659 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 2.5%.

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).