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

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

iShares Preferred and Income Securities ETF Stock Performance

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

iShares Preferred and Income Securities ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Preferred and Income Securities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Edge Capital LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at $2,068,000. SVB Wealth LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 9.3% in the second quarter. SVB Wealth LLC now owns 38,886 shares of the company’s stock worth $1,186,000 after acquiring an additional 3,300 shares during the period. Sterling Investment Advisors Ltd. increased its position in iShares Preferred and Income Securities ETF by 1.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 97,573 shares of the company’s stock valued at $2,975,000 after acquiring an additional 1,335 shares during the last quarter. Compass Financial Management LLC purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at $4,351,000. Finally, NBH Bank purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at $46,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

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).