iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sets New 52-Week High at $33.50

Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) reached a new 52-week high during trading on Monday . The company traded as high as $33.50 and last traded at $33.50, with a volume of 7549 shares. The stock had previously closed at $33.48.

iShares Preferred and Income Securities ETF Price Performance

The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The firm’s fifty day moving average price is $32.14 and its 200-day moving average price is $31.82.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.1632 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PFF. Cohen & Steers Inc. boosted its position in shares of iShares Preferred and Income Securities ETF by 8,108.7% during the 4th quarter. Cohen & Steers Inc. now owns 5,541,190 shares of the company’s stock valued at $172,830,000 after purchasing an additional 5,473,686 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of iShares Preferred and Income Securities ETF by 32.2% during the 1st quarter. Greenleaf Trust now owns 958,520 shares of the company’s stock worth $30,893,000 after buying an additional 233,319 shares in the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth approximately $15,445,000. Parkside Investments LLC increased its stake in shares of iShares Preferred and Income Securities ETF by 12.5% in the 2nd quarter. Parkside Investments LLC now owns 346,428 shares of the company’s stock valued at $10,930,000 after acquiring an additional 38,461 shares in the last quarter. Finally, Capital Square LLC lifted its position in shares of iShares Preferred and Income Securities ETF by 12.5% during the 2nd quarter. Capital Square LLC now owns 315,807 shares of the company’s stock valued at $10,081,000 after acquiring an additional 35,074 shares during the period. Institutional investors own 4.70% of the company’s stock.

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.