iShares Preferred and Income Securities ETF (NASDAQ:PFF) Reaches New 52-Week Low – Here’s Why

iShares Preferred and Income Securities ETF (NASDAQ:PFF) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $30.47 and last traded at $30.54, with a volume of 481080 shares traded. The stock had previously closed at $30.73.

iShares Preferred and Income Securities ETF Trading Up 0.3 %

The stock has a fifty day moving average of $31.46 and a two-hundred day moving average of $32.17. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 3.86 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.1725 per share. This represents a $2.07 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is Tuesday, April 1st.

Institutional Trading of iShares Preferred and Income Securities ETF

Several hedge funds have recently added to or reduced their stakes in PFF. BNP Paribas Financial Markets acquired a new position in iShares Preferred and Income Securities ETF during the third quarter worth approximately $67,000. Integrated Wealth Concepts LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 0.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 65,845 shares of the company’s stock valued at $2,188,000 after acquiring an additional 493 shares during the period. Continuum Advisory LLC increased its holdings in iShares Preferred and Income Securities ETF by 8.2% in the 3rd quarter. Continuum Advisory LLC now owns 6,411 shares of the company’s stock valued at $209,000 after buying an additional 484 shares during the period. Sunbelt Securities Inc. raised its position in iShares Preferred and Income Securities ETF by 11.1% during the third quarter. Sunbelt Securities Inc. now owns 42,263 shares of the company’s stock valued at $1,404,000 after purchasing an additional 4,210 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of iShares Preferred and Income Securities ETF by 63.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 42,599 shares of the company’s stock worth $1,416,000 after buying an additional 16,462 shares during the last quarter. 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.