iShares Preferred and Income Securities ETF (NASDAQ:PFF) Plans Monthly Dividend of $0.16

iShares Preferred and Income Securities ETF (NASDAQ:PFF) announced a monthly dividend on Wednesday, September 30th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.1594 per share on Tuesday, October 6th. This represents a $1.91 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, October 1st. This is a 8.3% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF opened at $29.50 on Thursday. The firm has a market cap of $12.35 billion, a P/E ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 1 year low of $29.42 and a 1 year high of $32.02. The stock has a 50 day simple moving average of $30.30 and a two-hundred day simple moving average of $30.71.

Institutional Investors Weigh In On iShares Preferred and Income Securities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. boosted its stake in shares of iShares Preferred and Income Securities ETF by 12,157.0% in the 4th quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock worth $27,997,000 after buying an additional 896,701 shares during the last quarter. Kentucky Trust Co grew its holdings in iShares Preferred and Income Securities ETF by 0.7% during the second quarter. Kentucky Trust Co now owns 191,794 shares of the company’s stock valued at $5,848,000 after purchasing an additional 1,414 shares during the period. Capital Square LLC purchased a new stake in iShares Preferred and Income Securities ETF in the second quarter worth about $5,828,000. Compass Financial Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the second quarter worth about $4,351,000. Finally, Bessemer Group Inc. lifted its position in shares of iShares Preferred and Income Securities ETF by 32.1% during the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock valued at $4,019,000 after buying an additional 32,230 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.

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).