iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sets New 1-Year Low – What’s Next?

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s share price hit a new 52-week low during trading on Wednesday. The stock traded as low as $29.05 and last traded at $29.0570, with a volume of 235,117 shares. The stock had previously closed at $29.30.

iShares Preferred and Income Securities ETF Price Performance

The stock has a fifty day moving average price of $30.13 and a two-hundred day moving average price of $30.63. The company has a market cap of $12.05 billion, a P/E ratio of 3.71 and a beta of 0.54.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.1594 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472.

Hedge Funds Weigh In On iShares Preferred and Income Securities ETF

Hedge funds have recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at $4,351,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of iShares Preferred and Income Securities ETF during the 2nd quarter worth $1,153,000. Montecito Bank & Trust purchased a new position in shares of iShares Preferred and Income Securities ETF in the 3rd quarter worth about $1,073,000. Bessemer Group Inc. boosted its holdings in shares of iShares Preferred and Income Securities ETF by 32.1% in the 1st quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock worth $4,019,000 after buying an additional 32,230 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of iShares Preferred and Income Securities ETF by 28.1% in the 1st quarter. Arkadios Wealth Advisors now owns 110,844 shares of the company’s stock worth $3,361,000 after buying an additional 24,348 shares during the last quarter. 4.70% of the stock is owned by hedge funds and other 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).