iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sets New 1-Year Low – What’s Next?

Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) hit a new 52-week low during trading on Wednesday. The stock traded as low as $29.05 and last traded at $29.0570, with a volume of 235,117 shares traded. The stock had previously closed at $29.30.

iShares Preferred and Income Securities ETF Price Performance

The stock has a market capitalization of $12.05 billion, a PE ratio of 3.71 and a beta of 0.54. The stock’s 50 day simple moving average is $30.13 and its two-hundred day simple moving average is $30.63.

iShares Preferred and Income Securities ETF Increases Dividend

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

Institutional Trading of iShares Preferred and Income Securities ETF

Several hedge funds have recently made changes to their positions in the company. Kentucky Trust Co grew its stake in iShares Preferred and Income Securities ETF by 0.7% in the 2nd quarter. Kentucky Trust Co now owns 191,794 shares of the company’s stock valued at $5,848,000 after buying an additional 1,414 shares in the last quarter. Capital Square LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $5,828,000. Compass Financial Management LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF in the second quarter worth $4,351,000. Bessemer Group Inc. increased its position in shares of iShares Preferred and Income Securities ETF by 32.1% in the first quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock worth $4,019,000 after purchasing an additional 32,230 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of iShares Preferred and Income Securities ETF by 28.1% during the 1st quarter. Arkadios Wealth Advisors now owns 110,844 shares of the company’s stock valued at $3,361,000 after buying an additional 24,348 shares in the last quarter. 4.70% of the stock is currently owned by institutional investors.

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).