iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sees Large Volume Increase

Shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) saw strong trading volume on Monday . 6,813,937 shares changed hands during trading, an increase of 45% from the previous session’s volume of 4,706,886 shares.The stock last traded at $30.83 and had previously closed at $31.25.

iShares Preferred and Income Securities ETF Stock Performance

The firm has a market cap of $14.28 billion, a P/E ratio of 8.31 and a beta of 0.51. The firm’s fifty day moving average is $31.97 and its 200 day moving average is $30.95.

iShares Preferred and Income Securities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.1561 per share. This represents a $1.87 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend was Monday, April 1st.

Institutional Trading of iShares Preferred and Income Securities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC boosted its holdings in iShares Preferred and Income Securities ETF by 47.1% in the 4th quarter. ORG Partners LLC now owns 4,056 shares of the company’s stock valued at $127,000 after purchasing an additional 1,298 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $411,000. Arkadios Wealth Advisors boosted its holdings in iShares Preferred and Income Securities ETF by 115.9% in the 4th quarter. Arkadios Wealth Advisors now owns 21,919 shares of the company’s stock valued at $684,000 after purchasing an additional 11,767 shares during the period. Harbor Investment Advisory LLC boosted its holdings in iShares Preferred and Income Securities ETF by 7.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 13,587 shares of the company’s stock valued at $424,000 after purchasing an additional 920 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in iShares Preferred and Income Securities ETF by 18.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,781 shares of the company’s stock valued at $118,000 after purchasing an additional 584 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.