iShares Preferred and Income Securities ETF (NASDAQ:PFF) Reaches New 1-Year Low – Should You Sell?

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as $28.06 and last traded at $28.0450, with a volume of 3,670,499 shares changing hands. The stock had previously closed at $28.31.

iShares Preferred and Income Securities ETF Price Performance

The stock has a market cap of $11.42 billion, a PE ratio of 3.71 and a beta of 0.55. The business has a 50 day moving average price of $29.31 and a two-hundred day moving average price of $30.56.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.1761 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $2.11 dividend on an annualized basis and a yield of 7.5%. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1594.

Hedge Funds Weigh In On iShares Preferred and Income Securities ETF

Several institutional investors have recently bought and sold shares of PFF. Roxbury Financial LLC boosted its position in shares of iShares Preferred and Income Securities ETF by 2,833.3% during the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock valued at $43,000 after acquiring an additional 1,360 shares during the last quarter. NBH Bank purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at $46,000. First Bancorp Inc ME purchased a new stake in iShares Preferred and Income Securities ETF during the second quarter valued at $47,000. Payden & Rygel purchased a new stake in iShares Preferred and Income Securities ETF during the third quarter valued at $50,000. Finally, American National Bank & Trust bought a new position in iShares Preferred and Income Securities ETF during the third quarter valued at $58,000. 4.70% of the stock is owned by hedge funds and other 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).