iShares Preferred and Income Securities ETF (NASDAQ:PFF) Reaches New 1-Year Low – Should You Sell?

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s stock price hit 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 trading hands. The stock had previously closed at $28.47.

iShares Preferred and Income Securities ETF Price Performance

The stock has a market cap of $11.80 billion, a PE ratio of 3.71 and a beta of 0.54. The business has a fifty day moving average of $29.57 and a 200 day moving average of $30.66.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a $0.1761 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 7.4%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594. The ex-dividend date is Monday, November 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PFF. Carret Asset Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter valued at approximately $650,000. Providence First Trust Co lifted its holdings in shares of iShares Preferred and Income Securities ETF by 3.2% in the third quarter. Providence First Trust Co now owns 41,512 shares of the company’s stock valued at $1,225,000 after buying an additional 1,278 shares during the period. Verity Asset Management Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF in the third quarter valued at $697,000. Compass Financial Management LLC boosted its stake in iShares Preferred and Income Securities ETF by 4.8% during the third quarter. Compass Financial Management LLC now owns 149,071 shares of the company’s stock valued at $4,398,000 after buying an additional 6,866 shares in the last quarter. Finally, First Nebraska Trust Co acquired a new position in iShares Preferred and Income Securities ETF during the third quarter worth about $405,000. 4.70% of the stock is owned by institutional investors and hedge funds.

About iShares Preferred and Income Securities ETF

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).