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

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $28.39 and last traded at $28.4050, with a volume of 2,127,066 shares changing hands. The stock had previously closed at $28.47.

iShares Preferred and Income Securities ETF Trading Down 0.6%

The business has a fifty day moving average price of $29.66 and a two-hundred day moving average price of $30.70. The firm has a market capitalization of $11.63 billion, a PE ratio of 3.71 and a beta of 0.54.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a dividend of $0.1761 per share. This represents a $2.11 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, November 2nd. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594.

Institutional Trading of iShares Preferred and Income Securities ETF

Hedge funds have recently added to or reduced their stakes in the company. Verity Asset Management Inc. acquired a new position in shares of iShares Preferred and Income Securities ETF during the third quarter worth $697,000. Compass Financial Management LLC increased its holdings in shares of iShares Preferred and Income Securities ETF by 4.8% in the 3rd quarter. Compass Financial Management LLC now owns 149,071 shares of the company’s stock valued at $4,398,000 after acquiring an additional 6,866 shares during the period. First Nebraska Trust Co acquired a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter valued at $405,000. Greenleaf Trust purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter valued at $20,190,000. Finally, Payden & Rygel purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

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).