iShares Preferred and Income Securities ETF (NASDAQ:PFF) Hits New 52-Week Low – Time to Sell?

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $29.75 and last traded at $29.7650, with a volume of 111043 shares changing hands. The stock had previously closed at $29.85.

iShares Preferred and Income Securities ETF Stock Performance

The stock has a market cap of $12.50 billion, a PE ratio of 3.71 and a beta of 0.53. The firm has a 50-day moving average price of $30.38 and a 200-day moving average price of $30.76.

iShares Preferred and Income Securities ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Preferred and Income Securities ETF

Institutional investors have recently made changes to their positions in the company. Cohen & Steers Inc. lifted its position in iShares Preferred and Income Securities ETF by 12,157.0% in the 4th quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after acquiring an additional 896,701 shares in the last quarter. Kentucky Trust Co raised its stake in shares of iShares Preferred and Income Securities ETF by 0.7% in the second quarter. Kentucky Trust Co now owns 191,794 shares of the company’s stock worth $5,848,000 after purchasing an additional 1,414 shares during the last quarter. Capital Square LLC purchased a new position in shares of iShares Preferred and Income Securities ETF in the second quarter worth $5,828,000. Compass Financial Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the second quarter valued at $4,351,000. Finally, Bessemer Group Inc. lifted its holdings in shares of iShares Preferred and Income Securities ETF by 32.1% during 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 in the last quarter. 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).