iShares Preferred and Income Securities ETF (NASDAQ:PFF) Stock Price Cross Below Fifty Day Moving Average – Should You Sell?

iShares Preferred and Income Securities ETF (NASDAQ:PFF)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $30.96 and traded as low as $30.21. iShares Preferred and Income Securities ETF shares last traded at $30.35, with a volume of 2,178,128 shares traded.

iShares Preferred and Income Securities ETF Stock Down 0.1%

The company’s 50-day moving average price is $30.96 and its 200-day moving average price is $31.16. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.1417 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, July 1st. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

Hedge Funds Weigh In On iShares Preferred and Income Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new stake in shares of iShares Preferred and Income Securities ETF during the third quarter worth $33,000. Roxbury Financial LLC grew its stake in iShares Preferred and Income Securities ETF by 2,833.3% during the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock worth $43,000 after purchasing an additional 1,360 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in iShares Preferred and Income Securities ETF by 36.6% during the 1st quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock worth $49,000 after purchasing an additional 431 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in iShares Preferred and Income Securities ETF during the 1st quarter worth about $59,000. Finally, Payden & Rygel purchased a new stake in iShares Preferred and Income Securities ETF during the 4th quarter worth about $61,000. 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).