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

iShares Preferred and Income Securities ETF (NASDAQ:PFF) reached a new 52-week low during trading on Tuesday. The stock traded as low as $28.82 and last traded at $28.84, with a volume of 3,227,532 shares traded. The stock had previously closed at $28.86.

iShares Preferred and Income Securities ETF Price Performance

The firm has a market cap of $11.92 billion, a P/E ratio of 3.71 and a beta of 0.54. The stock’s 50-day simple moving average is $29.92 and its two-hundred day simple moving average is $30.57.

iShares Preferred and Income Securities ETF Increases Dividend

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

Institutional Trading of iShares Preferred and Income Securities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wavvest Wealth LLC purchased a new position in iShares Preferred and Income Securities ETF during the 3rd quarter valued at $1,520,000. Bank of Stockton bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter worth about $4,114,000. Delta Capital Management LLC purchased a new position in iShares Preferred and Income Securities ETF in the 3rd quarter worth about $497,000. Lodestone Wealth Management LLC increased its stake in iShares Preferred and Income Securities ETF by 17.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 2,376 shares of the company’s stock worth $70,000 after buying an additional 348 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC boosted its position in iShares Preferred and Income Securities ETF by 6.5% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 17,083 shares of the company’s stock valued at $504,000 after buying an additional 1,048 shares during the period. 4.70% of the stock is owned by hedge funds and other 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).