iShares Preferred and Income Securities ETF (NASDAQ:PFF) Declares Dividend Increase – $0.14 Per Share

iShares Preferred and Income Securities ETF (NASDAQ:PFF) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.1417 per share on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a 2.4% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

iShares Preferred and Income Securities ETF Trading Down 0.1%

PFF stock traded down $0.02 during trading on Wednesday, hitting $30.47. The company had a trading volume of 3,402,015 shares, compared to its average volume of 3,421,706. The business has a 50 day moving average of $31.21 and a 200 day moving average of $31.21. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a fifty-two week low of $30.10 and a fifty-two week high of $32.26.

Hedge Funds Weigh In On iShares Preferred and Income Securities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. grew its position in shares of iShares Preferred and Income Securities ETF by 12,157.0% in the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after purchasing an additional 896,701 shares during the last quarter. Horizon Investments LLC acquired a new stake in iShares Preferred and Income Securities ETF in the 3rd quarter valued at $10,608,000. SG Americas Securities LLC acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter valued at $9,987,000. Amicus Financial Advisors LLC bought a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth about $3,270,000. Finally, Tran Capital Management L.P. increased its holdings in iShares Preferred and Income Securities ETF by 1,144.7% during the 4th quarter. Tran Capital Management L.P. now owns 88,563 shares of the company’s stock valued at $2,742,000 after purchasing an additional 81,448 shares in the last quarter. 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. 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).