Bank of Stockton Raises Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Bank of Stockton lifted its stake in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 21.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 150,647 shares of the company’s stock after acquiring an additional 26,880 shares during the quarter. iShares Preferred and Income Securities ETF makes up about 1.4% of Bank of Stockton’s investment portfolio, making the stock its 13th biggest position. Bank of Stockton’s holdings in iShares Preferred and Income Securities ETF were worth $4,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Jackson Hole Trust purchased a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at $64,000. Valley Wealth Managers Inc. raised its position in iShares Preferred and Income Securities ETF by 24.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 22,252 shares of the company’s stock valued at $700,000 after purchasing an additional 4,323 shares during the last quarter. Burke & Herbert Bank & Trust Co. raised its position in iShares Preferred and Income Securities ETF by 1.7% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 111,887 shares of the company’s stock valued at $3,518,000 after purchasing an additional 1,855 shares during the last quarter. Congress Asset Management Co. raised its position in iShares Preferred and Income Securities ETF by 28.8% in the 4th quarter. Congress Asset Management Co. now owns 103,884 shares of the company’s stock valued at $3,266,000 after purchasing an additional 23,241 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in iShares Preferred and Income Securities ETF by 444.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 78,006 shares of the company’s stock valued at $2,453,000 after purchasing an additional 63,683 shares during the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Price Performance

PFF stock opened at $31.65 on Friday. The company has a fifty day moving average price of $31.69 and a 200 day moving average price of $32.35. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59. The company has a market cap of $14.69 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 declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.1755 dividend. This is an increase from iShares Preferred and Income Securities ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, February 3rd.

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.