iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) saw an uptick in trading volume on Monday . Approximately 9,306,402 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 3,727,130 shares.The stock last traded at $30.75 and had previously closed at $30.67.

iShares Preferred and Income Securities ETF Stock Performance

The company has a market capitalization of $13.67 billion, a P/E ratio of 3.71 and a beta of 0.53. The company’s fifty day simple moving average is $31.51 and its 200-day simple moving average is $31.38.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0312 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Trading of iShares Preferred and Income Securities ETF

A number of hedge funds have recently bought and sold shares of PFF. Corsicana & Co. bought a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter valued at $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $33,000. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $44,000. Payden & Rygel bought a new stake in iShares Preferred and Income Securities ETF during the fourth quarter valued at about $61,000. Finally, Bayban purchased a new position in iShares Preferred and Income Securities ETF in the fourth quarter valued at about $62,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

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).