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

iShares Preferred and Income Securities ETF (NASDAQ:PFF – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $30.10 and last traded at $30.1150, with a volume of 1839641 shares. The stock had previously closed at $30.44.

iShares Preferred and Income Securities ETF Stock Performance

The business has a 50 day moving average price of $30.49 and a two-hundred day moving average price of $30.91. The stock has a market cap of $13.11 billion, a PE ratio of 3.71 and a beta of 0.53.

Get iShares Preferred and Income Securities ETF alerts:

iShares Preferred and Income Securities ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PFF. Brown Brothers Harriman & Co. bought a new stake in shares of iShares Preferred and Income Securities ETF during the 3rd quarter worth $33,000. Roxbury Financial LLC grew its position in iShares Preferred and Income Securities ETF by 2,833.3% during the second quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after buying an additional 1,360 shares during the period. NBH Bank bought a new position in iShares Preferred and Income Securities ETF during the second quarter valued at about $46,000. First Bancorp Inc ME purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter worth about $47,000. Finally, Princeton Global Asset Management LLC raised its position in iShares Preferred and Income Securities ETF by 36.6% in the first quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock worth $49,000 after acquiring an additional 431 shares during the period. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Company Profile

(Get Free Report)

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).

Read More

• Five stocks we like better than iShares Preferred and Income Securities ETF
• MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• With the RSI at a Record Low, Is It Time to Go Bargain Hunting on Burlington?
• Could IonQ Become More Than a Quantum Computing Company?
• Why China’s Memory Chip Breakthrough Won’t Crash the Market

Receive News & Ratings for iShares Preferred and Income Securities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Preferred and Income Securities ETF and related companies with MarketBeat.com's FREE daily email newsletter.