iShares Preferred and Income Securities ETF (NASDAQ:PFF) Reaches New 12-Month Low – Should You Sell?

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s stock price reached a new 52-week low on Monday. The company traded as low as $28.68 and last traded at $28.6950, with a volume of 3,108,183 shares trading hands. The stock had previously closed at $28.77.

iShares Preferred and Income Securities ETF Stock Down 0.2%

The business has a fifty day moving average price of $29.84 and a 200-day moving average price of $30.55. The stock has a market capitalization of $11.87 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. Shareholders of record on Thursday, October 1st were given a $0.1594 dividend. The ex-dividend date was Thursday, October 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472. This represents a $1.91 dividend on an annualized basis and a yield of 6.7%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kentucky Trust Co boosted its position in shares of iShares Preferred and Income Securities ETF by 0.7% during the second quarter. Kentucky Trust Co now owns 191,794 shares of the company’s stock valued at $5,848,000 after buying an additional 1,414 shares during the period. Capital Square LLC acquired a new position in iShares Preferred and Income Securities ETF during the second quarter valued at $5,828,000. Compass Financial Management LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $4,351,000. Bank of Stockton acquired a new position in iShares Preferred and Income Securities ETF in the 3rd quarter worth about $4,114,000. Finally, Bessemer Group Inc. grew its position in shares of iShares Preferred and Income Securities ETF by 32.1% in the first quarter. Bessemer Group Inc. now owns 132,563 shares of the company’s stock valued at $4,019,000 after purchasing an additional 32,230 shares during the period. 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).