iShares Preferred and Income Securities ETF (NASDAQ:PFF) Declares Dividend of $0.14

iShares Preferred and Income Securities ETF (NASDAQ:PFF) declared a dividend on Tuesday, March 31st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.142 per share on Tuesday, April 7th. The ex-dividend date is Wednesday, April 1st.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ PFF traded up $0.06 during trading on Wednesday, hitting $30.38. The stock had a trading volume of 2,694,211 shares, compared to its average volume of 3,842,571. The firm has a fifty day moving average of $31.23 and a two-hundred day moving average of $31.28. The company has a market capitalization of $13.39 billion, a PE ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $32.26.

Institutional Investors Weigh In On iShares Preferred and Income Securities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional bought a new position in shares of iShares Preferred and Income Securities ETF in the third quarter valued at approximately $571,000. Baird Financial Group Inc. lifted its holdings in iShares Preferred and Income Securities ETF by 6.9% during the second quarter. Baird Financial Group Inc. now owns 1,001,603 shares of the company’s stock worth $30,729,000 after acquiring an additional 65,031 shares during the period. Fiduciary Alliance LLC purchased a new position in iShares Preferred and Income Securities ETF in the third quarter worth $748,000. SVB Wealth LLC purchased a new position in iShares Preferred and Income Securities ETF in the second quarter worth $2,549,000. Finally, SG Americas Securities LLC bought a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at $9,987,000. Hedge funds and other 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).