iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sets New 12-Month Low – Here’s What Happened

iShares Preferred and Income Securities ETF (NASDAQ:PFF) reached a new 52-week low during trading on Tuesday . The stock 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 Stock Down 0.7 %

The firm’s 50 day simple moving average is $31.52 and its 200 day simple moving average is $32.20. The company has a market cap of $14.16 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 declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1731 per share. The ex-dividend date was Monday, March 3rd.

Institutional Trading of iShares Preferred and Income Securities ETF

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in iShares Preferred and Income Securities ETF by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock worth $48,314,000 after purchasing an additional 491,005 shares during the period. BNP Paribas Financial Markets bought a new position in iShares Preferred and Income Securities ETF during the third quarter valued at about $67,000. HCR Wealth Advisors grew its holdings in iShares Preferred and Income Securities ETF by 1.9% during the fourth quarter. HCR Wealth Advisors now owns 42,710 shares of the company’s stock worth $1,343,000 after acquiring an additional 800 shares during the period. AdvisorNet Financial Inc lifted its holdings in iShares Preferred and Income Securities ETF by 11.6% in the 4th quarter. AdvisorNet Financial Inc now owns 6,793 shares of the company’s stock valued at $214,000 after acquiring an additional 705 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in shares of iShares Preferred and Income Securities ETF by 2.4% in the 4th quarter. Crestwood Advisors Group LLC now owns 32,543 shares of the company’s stock worth $1,023,000 after purchasing an additional 772 shares in the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

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.