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

Oak Family Advisors LLC lessened its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 82.3% during the 4th quarter, according to its most recent filing with the Securities & 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 reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Greenleaf Trust lifted its stake in shares of iShares Preferred and Income Securities ETF by 5.5% in the 4th quarter. Greenleaf Trust now owns 1,208,436 shares of the company’s stock worth $37,413,000 after purchasing an additional 63,063 shares during the period. Jaffetilchin Investment Partners LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 1.4% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 763,604 shares of the company’s stock worth $23,641,000 after purchasing an additional 10,895 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of iShares Preferred and Income Securities ETF by 2.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 445,056 shares of the company’s stock worth $14,073,000 after purchasing an additional 9,087 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of iShares Preferred and Income Securities ETF by 11.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 401,773 shares of the company’s stock worth $12,772,000 after purchasing an additional 41,428 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 6.9% in the 3rd quarter. NewEdge Advisors LLC now owns 384,072 shares of the company’s stock worth $12,144,000 after purchasing an additional 24,761 shares during the period. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Down 0.3%

Shares of NASDAQ:PFF opened at $31.52 on Friday. The firm’s 50 day moving average price is $31.00 and its 200-day moving average price is $31.18. iShares Preferred and Income Securities ETF has a twelve month low of $29.86 and a twelve month high of $32.26. The stock has a market capitalization of $13.98 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a $0.1403 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Friday, May 1st.

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).