Bank of Stockton Purchases 139,468 Shares of iShares Preferred and Income Securities ETF $PFF

Bank of Stockton acquired a new position in iShares Preferred and Income Securities ETF (NASDAQ:PFF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 139,468 shares of the company’s stock, valued at approximately $4,114,000. iShares Preferred and Income Securities ETF makes up 1.2% of Bank of Stockton’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors also recently bought and sold shares of PFF. Delta Capital Management LLC purchased a new position in iShares Preferred and Income Securities ETF during the third quarter valued at $497,000. Lodestone Wealth Management LLC increased its position in iShares Preferred and Income Securities ETF by 17.2% in the third quarter. Lodestone Wealth Management LLC now owns 2,376 shares of the company’s stock worth $70,000 after buying an additional 348 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its position in iShares Preferred and Income Securities ETF by 6.5% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 17,083 shares of the company’s stock worth $504,000 after buying an additional 1,048 shares in the last quarter. Farther Finance Advisors LLC increased its position in iShares Preferred and Income Securities ETF by 174.7% in the third quarter. Farther Finance Advisors LLC now owns 81,528 shares of the company’s stock worth $2,405,000 after buying an additional 51,848 shares in the last quarter. Finally, Bath Savings Trust Co bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $1,026,000. 4.70% of the stock is owned by institutional investors.

iShares Preferred and Income Securities ETF Stock Down 0.1%

NASDAQ PFF opened at $28.84 on Tuesday. iShares Preferred and Income Securities ETF has a 52 week low of $28.82 and a 52 week high of $32.02. The company has a market capitalization of $11.94 billion, a P/E ratio of 3.71 and a beta of 0.54. The stock’s 50-day moving average price is $30.00 and its 200-day moving average price is $30.60.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1594 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.91 annualized dividend and a yield of 6.6%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472.

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).