iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stock Price Pass Above 50-Day Moving Average – Here’s What Happened

Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $30.52 and traded as high as $30.52. iShares Preferred and Income Securities ETF shares last traded at $30.44, with a volume of 3,655,118 shares trading hands.

iShares Preferred and Income Securities ETF Price Performance

The company has a market capitalization of $13.08 billion, a P/E ratio of 3.71 and a beta of 0.53. The company has a fifty day moving average price of $30.50 and a two-hundred day moving average price of $30.92.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be given a dividend of $0.1472 per share. The ex-dividend date is Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.8%. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

Hedge Funds Weigh In On iShares Preferred and Income Securities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFF. Janney Montgomery Scott LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 2.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,747,061 shares of the company’s stock worth $54,089,000 after purchasing an additional 46,907 shares during the period. Cohen & Steers Inc. increased its holdings in iShares Preferred and Income Securities ETF by 12,157.0% in the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after purchasing an additional 896,701 shares during the period. NewEdge Advisors LLC raised its position in iShares Preferred and Income Securities ETF by 6.9% during the 4th quarter. NewEdge Advisors LLC now owns 410,553 shares of the company’s stock worth $12,711,000 after purchasing an additional 26,481 shares during the last quarter. Horizon Investments LLC bought a new position in iShares Preferred and Income Securities ETF during the 3rd quarter worth $10,608,000. Finally, Captrust Financial Advisors lifted its holdings in iShares Preferred and Income Securities ETF by 7.8% during the 2nd quarter. Captrust Financial Advisors now owns 305,358 shares of the company’s stock worth $9,368,000 after buying an additional 22,103 shares during the period. 4.70% of the stock is currently owned by institutional investors and hedge funds.

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).