iShares Prime Money Market ETF (NYSE:PMMF) Plans $0.07 Dividend

iShares Prime Money Market ETF (NYSE:PMMF) announced a dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.0709 per share on Thursday, September 3rd. This represents a dividend yield of 368.0%. The ex-dividend date of this dividend is Wednesday, September 2nd.

iShares Prime Money Market ETF Price Performance

NYSE:PMMF opened at $100.27 on Thursday. iShares Prime Money Market ETF has a 1 year low of $100.10 and a 1 year high of $100.57. The business has a fifty day simple moving average of $100.29 and a two-hundred day simple moving average of $100.32.

Institutional Investors Weigh In On iShares Prime Money Market ETF

A hedge fund recently bought a new stake in iShares Prime Money Market ETF stock. Butensky & Cohen Financial Security Inc. bought a new position in shares of iShares Prime Money Market ETF (NYSE:PMMF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,671 shares of the company’s stock, valued at approximately $769,000. Butensky & Cohen Financial Security Inc. owned 0.12% of iShares Prime Money Market ETF as of its most recent SEC filing.

About iShares Prime Money Market ETF

The iShares Prime Money Market ETF (PMMF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund which invests in USD-denominated money market instruments with short-term maturities. The fund seeks a high level of current income. PMMF was launched on Feb 4, 2025 and is issued by BlackRock.