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

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $29.97 and last traded at $30.0140, with a volume of 420581 shares trading hands. The stock had previously closed at $30.18.

iShares Preferred and Income Securities ETF Price Performance

The stock’s 50 day moving average price is $30.48 and its two-hundred day moving average price is $30.86. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.1472 dividend. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Investors Weigh In On iShares Preferred and Income Securities ETF

A number of hedge funds have recently bought and sold shares of PFF. Brown Brothers Harriman & Co. bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $33,000. Roxbury Financial LLC grew its holdings in iShares Preferred and Income Securities ETF by 2,833.3% in the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after buying an additional 1,360 shares during the last quarter. NBH Bank acquired a new stake in iShares Preferred and Income Securities ETF in the 2nd quarter valued at approximately $46,000. First Bancorp Inc ME acquired a new position in shares of iShares Preferred and Income Securities ETF during the second quarter worth approximately $47,000. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 36.6% during the first quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock worth $49,000 after buying an additional 431 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors.

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).