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iShares Preferred and Income Securities ETF declares monthly distribution of $0.1649
Seeking Alpha News (Mon, 2-Dec 12:56 PM ET)
iShares Preferred and Income Securities ETF declares $0.1648 dividend
Seeking Alpha News (Mon, 2-Dec 10:13 AM ET)
The iShares Preferred and Income Securities ETF seeks to track the investment results of an index composed of U.S. dollar-denominated preferred and hybrid securities. The Fund seeks to track the investment results of the ICE Exchange-Listed Preferred & Hybrid Securities Index (the Underlying Index ), which measures the performance of a select group of exchange-listed, U.S. dollar-denominated preferred securities, hybrid securities and convertible preferred securities listed on the New York Stock Exchange ( NYSE ) or NASDAQ Capital Market ( NASDAQ ). The Underlying Index includes issuances of preferred stocks with amounts outstanding over 100 million, convertible preferred stock with at least 50 million face amount outstanding, and hybrid securities with at least 250 million face amount outstanding, that meet minimum price, liquidity, trading volume, maturity and other requirements, as applicable, as determined by ICE Data Indices (the Index Provider or ICE Data ).
iShares Preferred And Income Securities ETF trades on the NASDAQ stock market under the symbol PFF.
As of December 4, 2024, PFF stock price climbed to $32.58 with 1,413,629 million shares trading.
PFF has a beta of 0.38, meaning it tends to be less sensitive to market movements. PFF has a correlation of 0.35 to the broad based SPY ETF.
PFF has a market cap of $15.21 billion. This is considered a Large Cap stock.
In the last 3 years, PFF traded as high as $39.43 and as low as $28.15.
PFF has underperformed the market in the last year with a price return of +12.2% while the SPY ETF gained +33.4%. PFF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.0% and +0.7%, respectively, while the SPY returned +10.0% and +2.6%, respectively.
PFF support price is $32.34 and resistance is $32.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFF shares will trade within this expected range on the day.