iShares Preferred and Income Securities ETF (NASDAQ:PFF) Sees Unusually-High Trading Volume

iShares Preferred and Income Securities ETF (NASDAQ:PFF) saw an uptick in trading volume on Monday . 6,813,937 shares traded 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 business’s fifty day simple moving average is $31.97 and its 200-day simple moving average is $30.95. The firm has a market capitalization of $14.28 billion, a PE ratio of 8.31 and a beta of 0.51.

iShares Preferred and Income Securities ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PFF. Cornerstone Planning Group LLC bought a new position in shares of iShares Preferred and Income Securities ETF during the 2nd quarter valued at approximately $27,000. Brown Brothers Harriman & Co. bought a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth $27,000. M&R Capital Management Inc. lifted its position in iShares Preferred and Income Securities ETF by 280.0% in the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock worth $31,000 after buying an additional 700 shares during the last quarter. Vima LLC bought a new stake in iShares Preferred and Income Securities ETF in the fourth quarter worth $40,000. Finally, Future Financial Wealth Managment LLC bought a new stake in iShares Preferred and Income Securities ETF in the first quarter worth $56,000. 4.70% of the stock is currently owned by institutional investors.

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.