iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sets New 52-Week Low – Should You Sell?

Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) hit a new 52-week low on Wednesday. The stock traded as low as $29.42 and last traded at $29.51, with a volume of 3229630 shares. The stock had previously closed at $29.56.

iShares Preferred and Income Securities ETF Trading Down 0.1%

The company’s 50-day moving average price is $30.29 and its two-hundred day moving average price is $30.70. The company has a market cap of $12.33 billion, a P/E ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a $0.1594 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 6.5%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472. The ex-dividend date is Thursday, October 1st.

Institutional Trading of iShares Preferred and Income Securities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PFF. Montecito Bank & Trust acquired a new stake in iShares Preferred and Income Securities ETF during the third quarter valued at approximately $1,073,000. Blue Edge Capital LLC acquired a new position in shares of iShares Preferred and Income Securities ETF in the 2nd quarter worth approximately $2,068,000. SVB Wealth LLC increased its holdings in shares of iShares Preferred and Income Securities ETF by 9.3% in the 2nd quarter. SVB Wealth LLC now owns 38,886 shares of the company’s stock valued at $1,186,000 after acquiring an additional 3,300 shares during the last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of iShares Preferred and Income Securities ETF by 1.4% in the 2nd 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. Finally, Compass Financial Management LLC bought a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at approximately $4,351,000. 4.70% of the stock is owned by institutional investors.

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).