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

iShares Preferred and Income Securities ETF (NASDAQ:PFF) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.97 and last traded at $30.0140, with a volume of 420581 shares traded. The stock had previously closed at $30.18.

iShares Preferred and Income Securities ETF Stock Down 0.4%

The stock’s 50-day moving average price is $30.48 and its 200 day moving average price is $30.86. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

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 paid a $0.1472 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 5.9%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

Institutional Investors Weigh In On iShares Preferred and Income Securities ETF

Several large investors have recently made changes to their positions in the company. Blue Edge Capital LLC bought a new stake in iShares Preferred and Income Securities ETF during the 2nd quarter worth about $2,068,000. SVB Wealth LLC increased 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 valued at $1,186,000 after purchasing an additional 3,300 shares in the last quarter. Sterling Investment Advisors Ltd. raised its position in 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 worth $2,975,000 after purchasing an additional 1,335 shares during the last quarter. Compass Financial Management LLC bought a new position in iShares Preferred and Income Securities ETF in the 2nd quarter valued at $4,351,000. Finally, NBH Bank acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 2nd quarter valued at $46,000. 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).