Oak Family Advisors LLC Sells 111,752 Shares of iShares Preferred and Income Securities ETF $PFF

Oak Family Advisors LLC decreased its position in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 82.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,008 shares of the company’s stock after selling 111,752 shares during the period. Oak Family Advisors LLC’s holdings in iShares Preferred and Income Securities ETF were worth $743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Providence First Trust Co raised its stake in iShares Preferred and Income Securities ETF by 47.3% during the 4th quarter. Providence First Trust Co now owns 51,535 shares of the company’s stock worth $1,596,000 after acquiring an additional 16,547 shares during the period. North Star Investment Management Corp. raised its stake in iShares Preferred and Income Securities ETF by 2.1% during the 4th quarter. North Star Investment Management Corp. now owns 26,719 shares of the company’s stock worth $827,000 after acquiring an additional 542 shares during the period. Canandaigua National Trust Co of Florida raised its stake in iShares Preferred and Income Securities ETF by 7.3% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 26,389 shares of the company’s stock worth $817,000 after acquiring an additional 1,791 shares during the period. Canandaigua National Bank & Trust Co. raised its stake in iShares Preferred and Income Securities ETF by 46.3% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 93,768 shares of the company’s stock worth $2,903,000 after acquiring an additional 29,663 shares during the period. Finally, Kickstand Ventures LLC. raised its stake in iShares Preferred and Income Securities ETF by 4.8% during the 4th quarter. Kickstand Ventures LLC. now owns 12,428 shares of the company’s stock worth $385,000 after acquiring an additional 571 shares during the period. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Trading Down 0.3%

NASDAQ PFF opened at $31.52 on Friday. iShares Preferred and Income Securities ETF has a 12 month low of $29.86 and a 12 month high of $32.26. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. The company’s 50 day moving average is $31.00 and its two-hundred day moving average is $31.18.

iShares Preferred and Income Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a dividend of $0.1403 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%.

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. 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).