iShares Preferred and Income Securities ETF (NASDAQ:PFF) Raises Dividend to $0.15 Per Share

iShares Preferred and Income Securities ETF (NASDAQ:PFF) announced a monthly dividend on Monday, August 31st. Investors of record on Tuesday, September 1st will be paid a dividend of 0.1472 per share on Friday, September 4th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 3.5% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

iShares Preferred and Income Securities ETF Trading Down 0.3%

PFF stock opened at $30.44 on Tuesday. The stock’s fifty day simple moving average is $30.52 and its two-hundred day simple moving average is $30.93. iShares Preferred and Income Securities ETF has a 1-year low of $30.10 and a 1-year high of $32.26. The stock has a market cap of $13.18 billion, a P/E ratio of 3.71 and a beta of 0.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Keynote Financial Services LLC grew its holdings in iShares Preferred and Income Securities ETF by 160.9% during the fourth quarter. Keynote Financial Services LLC now owns 45,620 shares of the company’s stock valued at $1,412,000 after purchasing an additional 28,132 shares during the period. Bessemer Group Inc. grew its holdings in iShares Preferred and Income Securities ETF by 32.1% during the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock valued at $4,019,000 after buying an additional 32,230 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in iShares Preferred and Income Securities ETF during the second quarter valued at approximately $1,153,000. Cohen & Steers Inc. increased its holdings in shares of iShares Preferred and Income Securities ETF by 12,157.0% in the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock worth $27,997,000 after purchasing an additional 896,701 shares during the period. Finally, Hudson Edge Investment Partners Inc. bought a new position in shares of iShares Preferred and Income Securities ETF in the first quarter worth $529,000. 4.70% of the stock is 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).