iShares Preferred and Income Securities ETF (NASDAQ:PFF) Increases Dividend to $0.14 Per Share

iShares Preferred and Income Securities ETF (NASDAQ:PFF) announced a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.1417 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a 2.4% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

iShares Preferred and Income Securities ETF Stock Performance

Shares of NASDAQ:PFF traded down $0.02 during trading hours on Wednesday, reaching $30.47. The stock had a trading volume of 3,402,015 shares, compared to its average volume of 3,421,706. iShares Preferred and Income Securities ETF has a 1 year low of $30.10 and a 1 year high of $32.26. The firm’s 50 day moving average is $31.21 and its 200-day moving average is $31.21. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

Hedge Funds Weigh In On iShares Preferred and Income Securities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PFF. Cohen & Steers Inc. raised its holdings in shares of 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 worth $27,997,000 after acquiring an additional 896,701 shares during the last quarter. Horizon Investments LLC purchased a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter worth approximately $10,608,000. SG Americas Securities LLC acquired a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at $9,987,000. Amicus Financial Advisors LLC purchased a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth $3,270,000. Finally, Tran Capital Management L.P. boosted its stake in iShares Preferred and Income Securities ETF by 1,144.7% in the 4th quarter. Tran Capital Management L.P. now owns 88,563 shares of the company’s stock worth $2,742,000 after buying an additional 81,448 shares during the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

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).