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iShares Preferred and Income Securities ETF (PFF)

Preferred Stock | Exchange Traded Fund | NasdaqGM
28.86 USD -0.31 (-1.063%) ⇩ (Oct. 16, 2026, 4 p.m. EDT)
After hours: 28.80 -0.06 (-0.060%) ⇩ (Oct. 16, 2026, 4:09 p.m. EDT)
Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 5:06 a.m. EDT

The long-term outlook remains neutral due to a persistent multi-year downtrend where the asset has lost over 20% of its value since 2016, despite a recent recovery in 2024. While the business generates a robust 5.56% yield, the price action suggests the market views the underlying preferred portfolio as facing structural headwinds, evidenced by the heavy concentration of bank-issued preferreds which carry call risks that cap upside potential. The short-term view is similarly muted; while the statistical model predicts a negligible dip, the overwhelming options flow shows investors buying insurance against further drops rather than betting on a rebound. This creates a scenario where the high yield provides a floor, but the lack of capital appreciation potential keeps the overall investment thesis from becoming a strong buy.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.026724
AutoETS0.030450
AutoARIMA0.030577
MSTL0.031133

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 69%
H-stat 19.00
Ljung-Box p 0.000
Jarque-Bera p 0.313
Excess Kurtosis -0.95
Attribute Value
Trailing P/E 3.58

As of Oct. 10, 2026, 5:06 a.m. EDT: Speculators are heavily positioned for downside protection, with put open interest significantly outweighing call open interest across all expirations. The 'top OI' strikes for puts are clustered deep in-the-money (below the current price), indicating a strong defensive bias and a fear of further declines rather than a bet on rallies.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.54% 5.31% 6.09% 5.94%
Dividend History
Date Dividend Yield %
2026-10-01 0.159 0.539715
2026-09-01 0.147 0.488372
2026-08-03 0.142 0.463749
2026-07-01 0.142 0.466032
2026-06-01 0.138 0.439490
2026-05-01 0.140 0.445718
2026-04-01 0.142 0.467413
2026-03-02 0.031 0.098538
2026-02-02 0.177 0.562619
2025-12-19 0.066 0.211946
2025-12-01 0.176 0.574225
2025-11-03 0.171 0.551257
2025-10-01 0.171 0.538752
2025-09-02 0.161 0.514213
2025-08-01 0.162 0.521907
2025-07-01 0.174 0.567330
2025-06-02 0.175 0.582557
2025-05-01 0.174 0.581162
2025-04-01 0.172 0.563750
2025-03-03 0.173 0.548510
2025-02-03 0.175 0.556439
2024-12-18 0.177 0.559772
2024-12-02 0.165 0.506446
2024-11-01 0.165 0.507068
2024-10-01 0.165 0.496539
2024-09-03 0.163 0.507630
2024-08-01 0.161 0.508689
2024-07-01 0.164 0.524297
2024-06-03 0.163 0.513548
2024-05-01 0.160 0.513809
2024-04-01 0.156 0.485376
2024-03-01 0.170 0.532248
2024-02-01 0.176 0.548116
2023-12-14 0.193 0.618987
2023-12-01 0.175 0.567813
2023-11-01 0.173 0.597995
2023-10-02 0.161 0.543552
2023-09-01 0.154 0.502283
2023-08-01 0.157 0.508420
2023-07-03 0.158 0.508693
2023-06-01 0.165 0.541694
2023-05-01 0.171 0.552326
2023-04-03 0.185 0.593710
2023-03-01 0.190 0.587145
2023-02-01 0.186 0.553571
2022-12-15 0.237 0.758643
2022-12-01 0.172 0.534992
2022-11-01 0.170 0.561983
2022-10-03 0.169 0.529947
2022-09-01 0.151 0.459805
2022-08-01 0.164 0.472078
2022-07-01 0.133 0.402786
2022-06-01 0.146 0.423557
2022-05-02 0.123 0.369258
2022-04-01 0.136 0.375691
2022-03-01 0.122 0.338513
2022-02-01 0.112 0.298190
2021-12-16 0.126 0.324408
2021-12-01 0.123 0.320981
2021-11-01 0.137 0.348601
2021-10-01 0.149 0.385611
2021-09-01 0.152 0.386081
2021-08-02 0.151 0.384126
2021-07-01 0.154 0.392657
2021-06-01 0.156 0.402477
2021-05-03 0.156 0.403727
2021-04-01 0.151 0.393229
2021-03-01 0.150 0.401284
2021-02-01 0.150 0.395674
2020-12-17 0.061 0.159519
2020-12-01 0.148 0.392990
2020-11-02 0.152 0.418848
2020-10-01 0.157 0.429901
2020-09-01 0.160 0.438116
2020-08-03 0.163 0.452778
2020-07-01 0.167 0.483497
2020-06-01 0.169 0.482857
2020-05-01 0.170 0.500589
2020-04-01 0.173 0.574751
2020-03-02 0.160 0.436086
2020-02-03 0.160 0.421053
2019-12-19 0.155 0.414438
2019-12-02 0.164 0.445652
2019-11-01 0.166 0.444444
2019-10-01 0.159 0.426045
2019-09-03 0.160 0.429415
2019-08-01 0.165 0.443429
2019-07-02 0.161 0.436433
2019-06-03 0.167 0.459170
2019-05-02 0.172 0.472009
2019-04-01 0.180 0.491938
2019-03-01 0.178 0.490493
2019-02-01 0.169 0.471409
2018-12-18 0.258 0.758600
2018-12-03 0.156 0.445460
2018-11-01 0.156 0.433093
2018-10-01 0.159 0.433479
2018-09-04 0.161 0.429333
2018-08-01 0.176 0.471218
2018-07-03 0.194 0.512820
2018-06-01 0.194 0.521646
2018-05-01 0.180 0.486881
2018-04-02 0.166 0.445279
2018-03-01 0.172 0.460879
2018-02-01 0.189 0.507655
2017-12-21 0.099 0.259230
2017-12-01 0.192 0.499220
2017-11-01 0.191 0.498955
2017-10-02 0.175 0.454192
2017-09-01 0.177 0.455833
2017-08-01 0.177 0.451531
2017-07-06 0.179 0.459210
2017-06-01 0.181 0.465655
2017-05-02 0.185 0.475578
2017-04-03 0.191 0.492776
2017-03-01 0.191 0.497396
2017-02-01 0.191 0.503958
2016-12-22 0.203 0.543944
2016-12-01 0.182 0.491096
2016-11-01 0.179 0.462413
2016-10-03 0.168 0.427155
2016-09-01 0.171 0.429109
2016-08-02 0.179 0.447836
2016-07-06 0.173 0.437532
2016-06-01 0.177 0.448215
2016-05-02 0.182 0.466189
2016-04-01 0.192 0.497538
2016-03-01 0.197 0.515167
2016-02-01 0.175 0.455492
2015-12-24 0.318 0.822343
2015-12-01 0.161 0.409773
2015-11-02 0.151 0.384713
2015-10-01 0.171 0.445777
2015-09-01 0.173 0.446682
2015-08-04 0.185 0.470498
2015-07-02 0.182 0.465473
2015-06-01 0.181 0.457649
2015-05-01 0.184 0.463710
2015-04-01 0.176 0.440771
2015-03-02 0.170 0.425106
2015-02-02 0.188 0.471178
2014-12-24 0.378 0.966505
2014-12-01 0.181 0.456379
2014-11-03 0.189 0.477152
2014-10-01 0.190 0.484323
2014-09-02 0.191 0.481108
2014-08-01 0.193 0.491595
2014-07-01 0.183 0.460030
2014-06-02 0.183 0.461655
2014-05-01 0.191 0.484895
2014-04-01 0.194 0.497563
2014-03-03 0.220 0.573963
2014-02-03 0.200 0.531208
2013-12-26 0.614 1.672113
2013-12-02 0.236 0.622527
2013-11-01 0.153 0.401891
2013-10-01 0.150 0.397772
2013-09-03 0.157 0.416999
2013-08-01 0.162 0.420779
2013-07-01 0.158 0.403885
2013-06-03 0.164 0.411543
2013-05-01 0.173 0.426423
2013-04-01 0.175 0.434135
2013-03-01 0.100 0.249252
2013-02-01 0.192 0.479880
2012-12-26 0.260 0.659396
2012-12-03 0.194 0.489775
2012-10-01 0.203 0.510563
2012-09-04 0.210 0.530705
2012-08-01 0.210 0.536947
2012-07-02 0.205 0.526046
2012-06-01 0.202 0.533545
2012-05-01 0.177 0.455951
2012-04-02 0.187 0.480967
2012-03-01 0.149 0.381953
2012-02-01 0.176 0.461700
2011-12-27 0.183 0.516949
2011-12-01 0.180 0.504767
2011-11-01 0.205 0.561490
2011-10-03 0.201 0.579752
2011-09-01 0.207 0.550678
2011-08-01 0.212 0.547379
2011-07-01 0.216 0.547251
2011-06-01 0.211 0.530684
2011-05-02 0.207 0.520362
2011-04-01 0.215 0.543341
2011-03-01 0.229 0.584780
2011-02-01 0.220 0.564537
2010-12-28 0.218 0.566675
2010-12-01 0.246 0.630284
2010-11-01 0.207 0.524582
2010-10-01 0.228 0.576048
2010-09-01 0.307 0.771939
2010-08-02 0.309 0.789272
2010-07-01 0.248 0.672816
2010-06-01 0.244 0.670698
2010-05-03 0.248 0.645665
2010-04-01 0.209 0.541311
2010-03-01 0.190 0.497643
2010-02-01 0.190 0.510753
2009-12-29 0.230 0.626532
2009-12-01 0.268 0.766590
2009-11-02 0.225 0.659631
2009-10-01 0.208 0.582633
2009-09-01 0.215 0.639500
2009-08-03 0.233 0.645787
2009-07-01 0.314 0.975155
2009-06-01 0.273 0.859843
2009-05-01 0.275 1.042061
2009-04-01 0.250 1.090750
2009-03-02 0.218 1.302270
2009-02-02 0.179 0.719164
2008-12-29 0.425 1.520572
2008-12-01 0.190 0.737291
2008-11-03 0.175 0.592618
2008-10-01 0.220 0.763889
2008-09-02 0.199 0.528552
2008-08-01 0.208 0.551432
2008-07-01 0.214 0.550412
2008-06-02 0.246 0.556309
2008-05-01 0.235 0.525492
2008-04-01 0.256 0.593968
2008-03-03 0.231 0.509821
2008-02-01 0.161 0.351452
2007-12-27 0.740 1.799611
2007-12-03 0.178 0.408726
2007-11-01 0.207 0.443445
2007-10-01 0.198 0.420561
2007-09-04 0.218 0.461767
2007-08-01 0.232 0.489245
2007-07-02 0.195 0.392670
2007-06-01 0.239 0.478958
2007-05-01 0.285 0.569886
Additional Data
trailingAnnualDividendRate 1.822
trailingAnnualDividendYield 0.062461432
dividendDate 2018-04-06
dividendYield 5.56

Info Dump

Attribute Value
All Time High 50.57
All Time Low 14.1
Ask 31.84
Ask Size 1
Average Daily Volume10 Day 4,058,990
Average Daily Volume3 Month 2,965,723
Average Volume 2,965,723
Average Volume10Days 4,058,990
Beta3 Year 0.98
Bid 29.78
Bid Size 1
Book Value 38.275
Category Preferred Stock
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 29.21
Day Low 28.8336
Display Name Preferred and Income Secs ETF
Dividend Date 1,522,972,800
Dividend Yield 5.56
Eps Trailing Twelve Months 8.066
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 30.037
Fifty Day Average Change -1.177
Fifty Day Average Change Percent -0.039185006
Fifty Two Week Change Percent -8.843965
Fifty Two Week High 32.02
Fifty Two Week High Change -3.1599998
Fifty Two Week High Change Percent -0.09868831
Fifty Two Week Low 28.83
Fifty Two Week Low Change 0.030000687
Fifty Two Week Low Change Percent 0.0010406065
Fifty Two Week Range 28.83 - 32.02
Financial Currency USD
First Trade Date Milliseconds 1,175,261,400,000
Five Year Average Return -0.00078510004
Full Exchange Name NasdaqGM
Fullday Change -0.37000084
Fullday Change Percent -1.2684294
Fullday Price 28.86
Fund Family iShares
Fund Inception Date 1,174,867,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund may invest at least 80% of its assets in the component securities of its underlying index and and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
Long Name iShares Preferred and Income Securities ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_33508791
Nav Price 28.91567
Net Assets 12,322,755,600.0
Net Expense Ratio 0.45
Open 29.05
Phone 415-670-2000
Post Market Change -0.060001373
Post Market Change Percent -0.20790496
Post Market Price 28.8
Post Market Time 1,792,181,346
Previous Close 29.17
Price Hint 2
Price To Book 0.754017
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.309999
Regular Market Change Percent -1.06273
Regular Market Day High 29.21
Regular Market Day Low 28.8336
Regular Market Day Range 28.8336 - 29.21
Regular Market Open 29.05
Regular Market Previous Close 29.17
Regular Market Price 28.86
Regular Market Time 1,792,180,800
Regular Market Volume 8,579,166
Shares Outstanding 418,449,984
Short Name iShares Preferred and Income Se
Source Interval 15
Symbol PFF
Three Year Average Return 0.0616746
Total Assets 12,322,755,584
Tradeable 0
Trailing Annual Dividend Rate 1.822
Trailing Annual Dividend Yield 0.062461432
Trailing P E 3.5779817
Trailing Peg Ratio None
Trailing Three Month Nav Returns -1.80034
Trailing Three Month Returns -1.80034
Triggerable 1
Two Hundred Day Average 30.8281
Two Hundred Day Average Change -1.9680996
Two Hundred Day Average Change Percent -0.06384109
Type Disp ETF
Volume 8,579,166
Yield 0.0556
Ytd Return -1.37921