Bank of Stockton Buys New Holdings in iShares Preferred and Income Securities ETF $PFF

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

A number of other large investors have also added to or reduced their stakes in PFF. Roxbury Financial LLC raised its stake in iShares Preferred and Income Securities ETF by 2,833.3% during the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after buying an additional 1,360 shares during the last quarter. NBH Bank bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at $46,000. First Bancorp Inc ME purchased a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth $47,000. Princeton Global Asset Management LLC boosted its stake in shares of iShares Preferred and Income Securities ETF by 36.6% in the 1st quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock worth $49,000 after buying an additional 431 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of iShares Preferred and Income Securities ETF in the first quarter worth $59,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

iShares Preferred and Income Securities ETF stock opened at $28.84 on Tuesday. The stock has a market cap of $11.94 billion, a PE ratio of 3.71 and a beta of 0.54. iShares Preferred and Income Securities ETF has a one year low of $28.82 and a one year high of $32.02. The stock has a fifty day moving average of $30.00 and a 200 day moving average of $30.60.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1594 per share. This represents a $1.91 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase 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).