iShares Preferred and Income Securities ETF Target of Unusually Large Options Trading (NASDAQ:PFF)

iShares Preferred and Income Securities ETF (NASDAQ:PFF) was the target of unusually large options trading on Tuesday. Investors purchased 10,159 call options on the stock. This represents an increase of approximately 1,345% compared to the typical daily volume of 703 call options.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. YANKCOM Partnership bought a new position in iShares Preferred and Income Securities ETF in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter valued at approximately $27,000. Compass Financial Services Inc purchased a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter valued at approximately $34,000. Mainstream Capital Management LLC bought a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth $34,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in iShares Preferred and Income Securities ETF during the fourth quarter worth $35,000. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

Shares of NASDAQ:PFF traded up $0.02 during trading on Tuesday, reaching $29.11. 3,733,218 shares of the stock were exchanged, compared to its average volume of 3,883,269. iShares Preferred and Income Securities ETF has a 1-year low of $28.70 and a 1-year high of $33.59. The stock has a fifty day moving average of $31.31 and a two-hundred day moving average of $32.08. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 3.65 and a beta of 0.51.

iShares Preferred and Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1725 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.07 annualized dividend and a yield of 7.11%.

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.